TEAMSTERS WIN AGAINST YELLOW CORP. IN COURT, JUDGE SHOOTS DOWN COMPANY'S FRIVOLOUS LAWSUIT

[Omaha Steve]

Source: Yahoo Finance

PR Newswire
Tue, Mar 26, 2024, 2:25 PM CDT

Yellow Abuses Legal System with Phony Claims, Shows Contempt for Workers

WASHINGTON, March 26, 2024 /PRNewswire/ -- The International Brotherhood of Teamsters won a major victory against Yellow Corporation yesterday with the dismissal of the company's frivolous $137 million-dollar lawsuit by U.S. District Court Judge Julie A. Robinson.

The lawsuit, Yellow Corporation et al., v. International Brotherhood of Teamsters et al., was a blatant attempt by Yellow Corp. to undermine the rights of workers and discredit the Teamsters. The union vigorously defended its position and challenged the meritless breach of contract claims filed by Yellow Corp. The court agreed with the union's position that the lawsuit be dismissed.

"After years of corporate mismanagement, Yellow still never misses an opportunity to embarrass itself or bring further shame to what used to be one of America's strongest freight carriers. As the Teamsters expected, the court saw right through Yellow's PR stunt of a lawsuit," said Teamsters General President Sean M. O'Brien. "Yellow's greedy executives drove this company into the ground despite enormous, selfless sacrifice from its workforce for decades. This lawsuit represented management's desperate, last-ditch attempt to save face — and they failed yet again."

Despite taking $5 billion in wage and benefit concessions from rank-and-file Teamsters since 2019 and $700 million in a federal government bailout, Yellow Corp. filed for bankruptcy in August of last year, but not before paying out millions of dollars in bonuses to its failed executives.


Read more: https://finance.yahoo.com/news/teamsters-win-against-yellow-corp-192500016.html

[mopinko]

1. go teamsters.

[woodsprite]

2. I wonder what this will mean for my nephew.

He went to work one day and everything was chained and padlocked with a note telling them to go home. He’s had a rough time finding something consistent since then.

[LiberalFighter]

3. It should be illegal for management to receive bonuses during bankruptcy.

[ArkansasDemocrat1]

4. They should be last in line of the creditors waiting to receive payment from sale of the assets n/t