One of the world’s largest and highest-profile dockworker unions, the International Longshore and Warehouse Union (ILWU), filed for Chapter 11 bankruptcy protection on Sept. 30, seeking to shield itself from a crippling damage award owed to Philippines-based International Container Terminal Services Inc. (ICTSI).
But the bankruptcy filing is not the end of the saga. The legal battle continues.
Under the proposed reorganization plan, the ILWU would give $6.1 million to terminal operator ICTSI,...