Judge Says RIP, Hostess
Twinkies may be built to live forever, but a federal bankruptcy judge put the final nails in the coffin for Irving-based Hostess Brands today. The move clears the way for the Twinkies, Ding Dongs and Ho Hos to go on the auction block.
A federal bankruptcy judge approved Hostess Brands' plans to wind itself down, officially putting the Twinkies brand on the auction block. In granting Hostess' motion, Judge Robert D. Drain of the Southern District of New York cited the need for a quick and orderly shuttering of the company to avoid letting its assets molder.