"The company and the union agreed to mediation at the behest of the federal judge overseeing Hostess’ Chapter 11 case, Robert Drain of the southern district of New York. "
HOW IS BANKRUPTCY FORMED?
It turns out that Chapter 11 plans are overseen by a judge, and you can’t just do whatever you want whenever you want under Chapter 11! And bankruptcy judges are used to hearing bullshit, and similarly accustomed to disregarding it!
THE MORE YOU KNOW
This is why everything you heard on Friday was utter fantasy.