A federal bankruptcy court in Delaware found that Yellow Corp. is not liable on claims from roughly 22,000 union employees for failure to provide 60 days’ notice ahead of mass layoffs in the summer of 2023. It said the company was a “liquidating fiduciary” winding down affairs and not an employer at the time the layoffs were ordered, releasing it from liability.
Yellow (OTC: YELLQ) determined on July 26, 2023 that it had no viable path forward and enacted a plan to shut down operations. It...
https://www.freightwaves.com/news/teamsters-warn-claims-fall-short-in-federal-bankruptcy-court