Did you receive a notice from Yellow? Did you receive a mail about a class action settlement to resolve Yellow filing for bankruptcy by Teamsters? This review will help you partake in the class action settlement after confirming the authenticity of the mail.
What Is Yellow filing for bankruptcy by Teamsters Lawsuit?
Yellow Corporation is filing for bankruptcy and ceasing operations, the Teamsters union says.
Yellow struggled to manage itself, leading to bankruptcy, the Teamsters say. The announcement comes after meetings in Washington, D.C., over the state of the company.
What Is This Class Action All About?
The Teamsters say that they are now working on putting infrastructure in place to help the impacted members get assistance and find good jobs in the freight industry and others. The Teamsters said they are hoping to ensure members are protected and notified with all the latest information.
The announcement comes a week after the company was able to come to an agreement with the Teamsters to avoid a strike. Yellow sent the Teamsters with legal notice of the decision.
“Today’s news is unfortunate but not surprising. Yellow has historically proven that it could not manage itself despite billions of dollars in worker concessions and hundreds of millions in bailout funding from the federal government. This is a sad day for workers and the American freight industry,” said Teamsters General President Sean M. O’Brien.
The strike was avoided after the Central States Health and Welfare Fund agreed earlier this month to extend health care benefits for workers at Yellow operating companies YRC Freight and Holland.
A strike was planned for July 24 had the shipping companies failed to make contractually obligated benefit payments of $50 million to Central States on July 15. The agreement by Central States at the urging of the Teamsters gave Yellow 30 days to pay its bills with the understanding the company would do it within two weeks, according to the Teamsters.
Who Is Eligible?
This settlement benefits all Teamsters who were affected by the filed bankruptcy of Yellow.
How To Be Part of This Settlement
To partake in this settlement, class member must submit a valid and timely claim on the settlement website.
What Is The Pay For This Settlement?
The pay for this settlement varies and the proof of purchase is not necessary.
Conclusion
As you submit your claim to the settlement website, just like Ford initiates recall for F-150s class action settlement we have reviewed, you’re doing so under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim.
