Defunct trucking firm Yellow must pay $6.5 billion to multiemployer plans, judge says
By Rob Kozlowski Source: Pensions & Investments Defunct trucking company Yellow Corp. is liable for $6.5 billion in withdrawal liability to be paid to the 11 multiemployer pension plans it exited after shuttering in 2023, a bankruptcy judge has ruled. In his Sept. 13 ruling in U.S. Bankruptcy Court in Wilmington, Del., Judge Craig Goldblatt said the company, which ceased operations in July 2023, is liable for its share of unfunded vested benefits as a result of withdrawing from [...]