Yellow Bankruptcy Judge to Reconsider Pension Debt Ruling (1)

Yellow Corp. convinced a judge to reconsider parts of a ruling against the bankrupt trucking company in a dispute over billions of dollars in pension-related liabilities.

Judge Craig T. Goldblatt of the US Bankruptcy Court for the District of Delaware in September held that Yellow was liable to make an accelerated payment of debt it owed for withdrawing from multi-employer pension plans. But the judge found Tuesday that he was incorrect to make that determination, which rested on his finding that the company defaulted.

“The Court is persuaded that it should not have resolved that issue on the incomplete record ...