On October 2, 2020, the employment law lawsuit of Carlos Mosquera, Juan Rodriguez v. Pac Anchor Transportation was settled. The settlement is a compromise and settlement of disputed claims and is not an admission of liability on the part of Pac Anchor Transportation.
The PacAnchor team is delighted to welcome back Gilbert Sauceda! He is a valued employee and a definite asset to our company. Our heartiest welcome back goes to him.
On January 23, 2019, the Bankruptcy Court entered an order closing the bankruptcy case of Pac Anchor. This means that Pac Anchor is no longer under the supervision of the Bankruptcy Court and the bankrupt case is closed. Pac Anchor will continue to make the payments required under the Plan, but otherwise is free to operate normally.
On December 12, 2018, the court confirmed the Chapter 11 plan of reorganization (the “plan”) proposed by Pac Anchor and the official Committee of Unsecured Creditors. This means the Chapter 11 bankruptcy of Pac Anchor was a complete success.
