Last Call for HoHos, Ding Dongs and Twinkies

[LexusLover]

Originally Posted by bigtex

Truth hurts,....

Is that why you are obsessing? Deflecting from the truth about you?

As I said .. hope you didn't pay her in advance. You lost!

But you have a good Thanksgiving, here now?

[Sweet N Little]

[CuteOldGuy]

LOL! That's great, SnL! VIVA LITTLE DEBBIE!

Would it be inappropriate to say how I love eating Little Debbie?

[Sweet N Little]

Originally Posted by CuteOldGuy

LOL! That's great, SnL! VIVA LITTLE DEBBIE!

Would it be inappropriate to say how I love eating Little Debbie?

very appropriate!

[markroxny]

Good one.

What do we think will happen now that they have been forced to the mediation table?

http://www.cbsnews.com/8301-505123_1...-to-mediation/

[LexusLover]

Originally Posted by markroxny

What do we think will happen now that they have been forced to the mediation table?

"Motion to Authorize / Emergency Motion of Debtors and Debtors in Possession for Interim and Final Orders, Pursuant to Sections 105, 363, 365 and 503(c) of the Bankruptcy Code: (A) Approving (I) a Plan to Wind Down the Debtors Businesses, (II) the Sale of Certain Assets, (III) Going Out-of-Business Sales at the Debtors Retail Stores, (IV) the Debtors Non-Consensual Use of Cash Collateral and Modifications to Final DIP Order, (V) an Employee Retention Plan, (VI) a Management Incentive Plan, (VII) Protections for Certain Employees Implementing the Winddown of the Debtors Businesses, (VIII) the Use of Certain Third Party Contractors and (IX) Procedures for the Expedited Rejection of Contracts and Leases; and (B) Authorizing the Debtors to Take Any and All Actions Necessary to Implement the Winddown" (Emphasis added).

That is what both sides are looking at if they don't make a deal. Was set today at 11.

Reading between the lines, the Judge is saying: Not so fast, and the Trustee has expressed concerns openly about the management bonuses ... so management may end up "short" on their "bonuses." A potential buyer can negotiate a purchase out of the Court after some debts/contracts are eliminated, rewritten, or reduced in size.

[LexusLover]

Little Debbie's Cakes in Arkansas?

[CuteOldGuy]

That's what the Court is for. Good for them.

[LexusLover]

Originally Posted by markroxny

What do we think will happen now that they have been forced to the mediation table?

Two things:

#1: after reading some comments by the Judge he was surprised that the Union failed to accept an offer by management to revise the contracts for the bakers ... and was interested in giving them a shot at it because of the loss of 18,000 jobs if the company closes ...

#2: He has at least one other case from the past I saw in which it was reported that he let the management bonuses stand ... but ... each case stands on its own facts .... He was appointed by Bush Ii in 2002 and may not be "union friendly" (Note*)... although the mediation session (over which he is to preside) was a 2nd chance for the unions. I read that the mediation session is (was) this afternoon and they will be back in court in the morning.

Note*: Sometimes Federal judges don't follow their predisposition after appointments, because they are life-time appointments .. unless they aspire to go up the ladder ... in which case they may begin to "balance" out their decisions in order to reflect no bias for appellate work.