4th Circuit Reverses Award; Deal With Unions Does Not Favor Debtor Company

4th Circuit Reverses Award; Deal With Unions Does Not Favor Debtor Company

RICHMOND, Va. - A panel of the Fourth Circuit U.S. Court of Appeals on April 5 reversed and remanded a district court's ruling that had affirmed an arbitrators' award to a debtor company after two unions sued the company seeking payment for vacation benefits accrued prior to the plant's closing. The Fourth Circuit said that the collective bargaining agreement (CBA) between the parties did not address whether the benefits survived following the closing of the plant (Intermet Corporation v. United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, No. 11-1766, Chapter 11, 4th Cir; 2012 U.S. App. LEXIS 7001).

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