Photo: theimpulsivebuy (Flickr)
The maker of Twinkies and Wonder Bread is not shutting down for now. At a hearing in White Plains, New York, U.S. Bankruptcy Judge Robert Drain questioned the “logic behind the decision to strike” but he also declined to act on the request from Hostess Brands to sell its assets.
Instead, he adjourned the case until Wednesday, giving the two sides a day to meet with a mediator. Some observers may have been surprised, but the President and Director of the Indiana Mediators Association, Kim Van Valer, says it is not an unusual move.
She says many courts are now requiring mediation, where a neutral professional assists the parties to reach an agreement. Van Valer says the legal profession is really trying to give credibility to the notion that the adversarial process is not always the best method of conflict resolution.