Judge Oks Yellow Corp.’s final liquidation plan

A federal bankruptcy court in Delaware cleared the path for the final liquidation of defunct Yellow Corp.’s estate on Monday. The plan outlines the distribution of as much as $700 million to remaining creditors, including former employees. The Monday order, however, could be challenged on appeal by Yellow’s largest equity holder, MFN Partners. Boston hedge fund MFN amassed a 42.5% equity stake in the former less-than-truckload carrier in the days leading up to its July 30, 2023 shutdown. The firm bet that ...