Tri-Valley Growers Chapter 11 Bankruptcy Success
January 13, 2009 by Beeson Tayer & Bodine
Tri-Valley Growers filed Chapter 11 on July 10, 2000 and the company ceased doing business in 2001 when substantially all of its assets were sold. We represented the union employees at Teamsters Locals 601, 748, and 857 and filed vacation, sick leave, sabbatical, severance and other claims on their behalf totaling $4,866,811.00. The Bankruptcy Court approved 98.4% of those claims in September 2008. Under the settlement, Union members will receive 100% their allowed priority claims ($422,731.19) and 23 % of their allowed unsecured claims ($4,368,561.09), for a total distribution of over $1.4 million.
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