Yellow claims that the Central States Pension Fund shouldn't be able to make a claim in bankruptcy because it already has been made whole by a federal bailout in 2021. In effect, Yellow argues, the now fully funded CSPF would be trying to secure an improper windfall at the expense of creditors and shareholders.Yellow resists pension fund’s $6B claims in bankruptcy, pointing to federal bailout
Yellow claims that the Central States Pension Fund shouldn't be able to make a claim in bankruptcy because it already has been made whole by a federal bailout in 2021. In effect, Yellow argues, the now fully funded CSPF would be trying to secure an improper windfall at the expense of creditors and shareholders.