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Monday's ruling also shows how seriously courts here take companies' legal obligations to workers.
Many companies are also considering ways to reduce their pension obligations to workers, possibly undermining benefits for millions.
Potential buyers prefer the company's nonunion mines as better bargains, since they are freer of ongoing financial obligations to workers.
And this year it took the big step of freezing the plan, reining in the growth of obligations to workers.
Beyond the bond debt, the island owes some $37 billion in pension obligations to workers and former workers.
The company, on the other hand, unilaterally took labor's "loan" when it failed to set aside enough money to honor its future obligations to workers.
Similar(46)
G.M.'s most urgent problem was a crushing debt burden, much of it from its obligations to worker-benefit programs.
Workers' rights groups say that while many brands boast that they are complying with codes of conduct to protect workers, the brands at the same time balk at assuming responsibilities when contractors' violate their obligations to their workers.
The city accumulated obligations to its workers and made rash spending pledges.
When a pension plan fails, the Pension Benefit Guaranty Corporation takes over the company's obligations to the workers.
When the rate is low, a company's obligations to its workers look very large.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com