Bumble Bee Foods has not been approved to complete its global settlement with lenders and unsecured creditors, after a judge said a multimillion tax liability from its $928 million (€783 million) sale to Taiwan-based FCF Fishery has to be paid first.
Bloomberg Law reported Thursday Judge Laurie S. Silverstein of the US Bankruptcy Court for the District of Delaware asked for more information from the Internal Revenue Service (IRS), Bumble Bee's largest creditor, on the settlement during a virtual hearing for the case.
