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Corporate Resource Services seeks Del Monte settlement (Bankrupt Company News)

March 29, 2017

Corporate Resource Services’ Chapter 11 trustee filed with the US Bankruptcy Court a motion for entry of an order approving a settlement agreement with Del Monte Fresh Production and Del Monte Fresh Produce, Bankrupt Company News reports. The trustee seeks authority to settle the largest — and perhaps most contentious — litigation over the collection of accounts receivable, for a recovery in the amount of $2 million by the estates of TS Staffing Services and Diamond Staffing Services. Corporate Resource Services, at one time one of the largest staffing firms in the US, filed for bankruptcy protection in 2015.