Yellow, Shareholders Ask Judge to Revisit Pension Debt Ruling

Yellow Corp. and the defunct trucking company’s shareholders urged a Delaware bankruptcy court to reconsider a key ruling that kept the company on the hook for $6.5 billion in pension liability claims.

Judge Craig T. Goldblatt’s Sept. 13 decision over calculating Yellow’s liability to multiemployer pension plans ought to be revisited due to a lack of clarity and failure to explain how the company defaulted on its pension liabilities, the less-than-truckload carrier said in a Sept. 27 filing with the US Bankruptcy Court for the District of Delaware.

Yellow contends it never defaulted on any pension withdrawal obligations before filing ...