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Court OKs $56 million settlement with former IBC exec (access required)

By: Susan Bocamazo
Published: February 8, 2010

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A federal court has approved a $56 million settlement with the former treasurer of Interstate Bakeries Corp., the maker of Twinkies. Under the agreement, insurers for Paul Yarick will repay a trust representing the company’s unsecured creditors. In court documents, the trust had alleged damages of up to $170 million. The agreement stems from a U.S. Securities ...
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