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Union, Landlords, Others Raise Issues in A&P Bankruptcy

Submitted by ckanon@abi.org on
Dozens of landlords, union members and others are concerned they are getting short shrift in A&P's plans to sell off all of its stores and assets, The Journal News reported on Saturday. Lawyers for the supermarket chain are due in district court today where they are expected to address dozens of issues raised in its bankruptcy case, including whether the company is overly compensating some creditors, should encourage potential buyers of its stores to take over the company's pension plans and should give landlords more time to evaluate the finances of their would-be new tenants. Meanwhile, more than 40 A&P workers have flooded Hon. Robert D. Drain with letters about how A&P's bankruptcy has affected them and why the court should not agree to set aside A&P's union contracts if labor negotiations break down.
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