Analysis of Distress

Labor Issues

January 8, 2015

Alsip Acquisition Seeks Bankruptcy Court Authority to Reject Collective Bargaining Agreements

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Just after midnight this evening, Alsip Acquisition, LLC and APCA, LLC asked the Delaware bankruptcy court for authority to reject collective bargaining agreements with (1) the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union and its affiliated Local 1085, and (2) the International Union of Operating Engineers and its affiliated Local 399.  The relief is sought pursuant to section 1113 of the Bankruptcy Code and is sought to be effective as of...

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