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Bloomberg reports that "a Hostess Brands Inc. union and a pension fund said they are appealing the court order that gave the bankrupt Twinkie maker permission to wind down.

Lawyers for the plaintiffs say that object to the decision by the bankruptcy judge overseeing Hostess's affairs to approve some $1.83 million in incentives to 19 senior managers, while simultaneously allowing the company to liquidate its assets, including Twinkies, Wonder Bread and Ho-Hos.
KC's View:
I don't blame them. I hate the idea of these top managers being rewarded for helping to drive the company into the ditch. But these days, that seems to be the American way.