OTHER NEWS - Aug. 24, 1991
From Times Staff and Wire Reports
Judge Won’t Delay Greyhound Hearing: Greyhound Lines Inc. won permission to press ahead with its plan to emerge from bankruptcy under a $600-million reorganization. Greyhound is to appear before U.S. Bankruptcy Judge Richard Schmidt on Tuesday for final confirmation of the plan. The Amalgamated Transit Union had asked for a month-long delay so that a Dallas investment group could prepare a competing reorganization plan that includes a purchase offer. But Schmidt said a delay wouldn’t be in the best interest of the company’s creditors.
