Hostess, Insurer Agree To Terms For Use Of Cash Collateral To Pay Deductible

Hostess, Insurer Agree To Terms For Use Of Cash Collateral To Pay Deductible

NEW YORK - Bankrupt Hostess Brands Inc. and ACE American Insurance Co. on Jan. 10 reached an agreement pertaining to a dispute concerning Hostess' use of cash collateral in the bankruptcy proceeding whereby the parties agree that ACE's obligation has been paid from the cash collateral since Nov. 12, but the parties each reserve their rights to assert a breach of the agreement in other regards (In Re: Hostess Brands Inc., No. 12-22052, Chapter 11, S.D. N.Y. Bkcy.).

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