Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Bankrupt Yellow settles with pensions that sought billions
The Business Guardian
|November 30, 2025
Yellow Corp has reached settlements with 14 pension plans that had sought over $7.4 billion from the bankrupt trucking company.
The pension plans agreed to take a reduced payment, which will end years of litigation over claims that Yellow cannot afford to pay and allow Yellow’s junior creditors to collect up to $7.4 million from the company’s bankruptcy sales proceeds, according to settlement documents filed Wednesday in Delaware bankruptcy court.
Yellow shut down in 2023 amid a dispute with its main employees’ union, and sold all of its assets in bankruptcy, including shipping terminals, other real estate and its fleet of trucks. Those sales generated more than enough to pay its top lenders and a government-backed COVID-19 pandemic relief loan, but they left other creditors, like the pension plans, fighting to get back a fraction of what they are owed.
This story is from the November 30, 2025 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian
The Business Guardian
India's economy will register robust FDI flow despite tariffs
In August 2025, India faced a setback as net Foreign Direct Investment (FDI) during the month fell 159% with more money leaving the country than entering.
3 mins
November 30, 2025
The Business Guardian
COURT EXTENDS ANMOL BISHNOI'S NIA CUSTODY
A Delhi court on Saturday extended the NIA custody of deported gangster Anmol Bishnoi for seven more days.
1 min
November 30, 2025
The Business Guardian
VACCINES SAVE LIVES, PREVENT SUFFERING AND FINANCIAL LOSS
Smallpox in humans and Rinderpest in cattle and other livestock are viral diseases that have been completely eradicated by vaccines. Polio would have been eradicated if a few communities had not resisted vaccination due to misinformation.
2 mins
November 30, 2025
The Business Guardian
SC dismisses pre-arrest bail plea of Pinnelli brothers
The Supreme Court on Friday rejected the anticipatory bail pleas of Andhra-based former YSRCP (Yuvajana Shramika Rythu Congress Party) MLA Pinnelli Ramakrishna Reddy and his brother Venkatarami Reddy in the double-murder case of TDP (Telugu Desam Party) workers.
1 mins
November 30, 2025
The Business Guardian
TOURISM SCAM: WHAT YOU NEED TO KNOW
It started with a December daydream - a quick escape to snow-dusted Shimla, sun-kissed beaches in the Maldives or a chic chalet in Switzerland.
4 mins
November 30, 2025
The Business Guardian
Investments into REITs to be considered as equity starting 2026
Starting January 1, 2026, any investment made by Mutual Funds (MFs) and Specialised Investment Funds (SIFs) in Real Estate Investment trusts (REITs) will be considered as an investment in equity-related instruments, Securities and Exchange Board of India (SEBI) said in a statement.
1 min
November 30, 2025
The Business Guardian
Delhi HC orders removal of obscene deepfakes targeting actor Ajay Devgan
The Delhi High Court on ‘Thursday ordered the take-down of obscene and AT-generated deepfake videos depicting actor Ajay Devgn in inappropriate scenarios with female celebrities, calling such content impermissible and damaging.
2 mins
November 30, 2025
The Business Guardian
DEFENCE STARTUPS NEED ORDERS, NOT GOVT VC FUNDS: DEFENCE SECRETARY
DEFENCE MANUFACTURING
1 mins
November 30, 2025
The Business Guardian
A RESILIENT FUTURE: KEY OUTCOMES OF G20 JOHANNESBURG SUMMIT
The summit's ability to produce a consensus declaration despite a US boycott demonstrated a continued commitment to multilateral problem-solving among most major economies.
3 mins
November 30, 2025
The Business Guardian
China's central bank vows crackdown on virtual currency
STABLECOIN CONCERNS
1 min
November 30, 2025
Listen
Translate
Change font size