WHITE PLAINS, New York (Reuters) - Hostess Brands Inc, the maker of the iconic Twinkies snack cake, will square off in a bankruptcy court on Monday against an agent of the U.S. Justice Department, who says the wind-down plan is too generous toNews reports that Hostess Brands will file for bankruptcy — and plans to sell off iconic American brands like Wonder Bread and Twinkies — have mostly centered around the debilitating fight between the company and one of its largest unions. But thereAdvertisement. Read more in the Benefits Management Channel. What's This? Hostess Brands Inc., Irving, Texas, will terminate its defined benefit plan, and the Pension Benefit Guaranty Corp. will assume its liabilities, said Lance Ignon, Hostess spokesman.The U.S. trustee in the bankruptcy of Hostess Brands Inc. asked a judge to take control of the company's liquidation away from the baker of Twinkies and Wonder bread. U.S. Trustee Tracy Hope Davis today urged U.S. Bankruptcy Judge Robert D. Drain inNews reports that Hostess Brands will file for bankruptcy — and plans to sell off iconic American brands like Wonder Bread and Twinkies — have mostly centered around the debilitating fight between the company and one of its largest unions. But there
Related External LinksBakers' union fears Hostess sales might not move quickly | Biz Beat ...Exclusive: Sun Capital wants to buy Hostess - The Term Sheet ...Unions fight bonuses for Hostess execs | FOX6Now.com -
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