Judge Approves $1.95M Settlement Of Hostess' Claims Against Grocer Kroger Co.

Judge Approves $1.95M Settlement Of Hostess' Claims Against Grocer Kroger Co.

NEW YORK - The federal bankruptcy judge in New York presiding over the Chapter 11 bankruptcy on Nov. 22 approved a stipulation between The Kroger Co. and Old HB Inc. - the reorganized version of bankrupt Hostess Brands Inc. - under which Kroger will pay $1.95 million to settle an adversary proceeding related to $2,835,028.14 in unpaid outstanding invoices (Old HB Inc. v. The Kroger Co. $(In Re: Old HB Inc.$), No. 12-22052, Adv. No. 13-08209, Chapter 11, S.D. N.Y. Bkcy.).

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