Yellow Creditors Have Own Plan to Share Trucker’s $550 Million

Creditors of defunct trucking firm Yellow Corp. will submit their own plan in coming days on how to split up the company’s remaining $550 million of cash and end its bankruptcy case.

Two of the firm’s biggest pension plans have reached a deal with a creditors committee in efforts to end a long-running court battle with Yellow and its hedge-fund owners, lawyers told the judge overseeing the insolvency case on Monday. That fight has generated tens of millions of dollars in legal fees, according to court records.

No plan has so far garnered sufficient creditor support to proceed. Yellow’s latest ...