Ch. 11 Barred Nutrition Bar Maker's Bonuses: Trustee

Law360, New York (March 23, 2010, 5:09 PM EDT) -- A U.S. trustee has fired back at formerly bankrupt nutrition bar maker Nellson Nutraceutical LLC in a dispute over the payment of management incentive bonuses, arguing in an appeals brief that the debtor is trying to add language to the Bankruptcy Code that isn’t there.

Acting U.S. Trustee Roberta A. DeAngelis filed a response to Nellson’s arguments on Monday in the U.S. District Court for the District of Delaware, which has taken up the trustee’s appeal of a ruling in Delaware bankruptcy court that permitted the...
To view the full article, register now.