As we have previously reported, the sale of most of Allied Systems Holdings’ assets to Jack Cooper was approved by the court in September, gained anti-trust approval in November and is now scheduled to be finalized on Friday, December 27 (not December 13 as was originally reported).
Bankruptcy Court Document and General Information for Allied Systems Holdings.
This Web page provides updates to Allied Systems Holdings Teamsters about the company’s financial restructuring efforts after Allied announced a new Chapter 11 bankruptcy filing in June 2012. The Teamsters Union’s team of experts continues to monitor the company’s financial restructuring to make sure members’ interests are protected.
At the auction that concluded Thursday, September 12, Allied selected Jack Cooper Transport as the entity with the best and highest bid.
A hearing before the U.S. Bankruptcy Court in the Allied Systems’ bankruptcy case that was scheduled for Thursday, August 22 has been postponed by the court to noon Tuesday, September 10.
On Thursday, August 15, Allied Systems completed two days of an auction for its assets at a law office in Wilmington, Delaware. The company (Allied) declared the winning bid to an acquisition company formed by Black Diamond/Spectrum, over a bid by Jack Cooper Transport, whose employees are represented by the Teamsters.