Article: Judge says no to back vacation pay for Knoxville, Tenn., steelworkers.

By Rebecca Ferrar, The Knoxville News-Sentinel, Tenn. Knight Ridder/Tribune Business News

Aug. 21--U.S. Bankruptcy Judge Richard Stair struck down a motion seeking back vacation pay for workers at Fulton Bellows & Components.

Morris Capital Management of Chattanooga paid $6.3 million for the 100-year-old Knoxville company, but there is no money from the sale or from the operation of the company to fund the claim for vacation pay, parties involved in the case concluded.

The judge said the unions could refile their motion or file a lawsuit seeking relief.

The company was bankrupt when Morris bought it, and all the $6.3 million ...

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