Tenth Circuit Revives Yellow's $1.5B Lawsuit
Slice of Finance Team
11/07/2025
Key highlights
- Tenth Circuit reinstates Yellow's lawsuit
- $1.5 billion claim against Teamsters
- Allegations of orchestrating Yellow's collapse
- 30,000 jobs lost due to actions
- Kasowitz LLP represents Yellow Corporation
Source: PR Newswire
Notable Quote
“ We are pleased that the United States Tenth Circuit Court of Appeals has issued its decision reversing the District Court and reinstating Yellow's claims so that the Teamsters and their senior management can be held to account for their role in causing Yellow's demise and the destruction of billions of dollars in shareholder value. ”
Marc E. Kasowitz, Partner at Kasowitz LLP
Why this matters
This ruling is significant as it not only revives a substantial financial claim but also highlights the legal accountability of labor unions in corporate governance, potentially influencing future labor relations and corporate restructuring efforts. This development is particularly significant for the finance sector.
