AMS Seeks Retention Plan Approval

Law360, New York (February 7, 2007, 12:00 AM EST) -- Book marketer Advanced Marketing Services Inc. has asked a bankruptcy court to approve the company’s retention bonus plan for more than 100 employees at a publishing unit the company is looking to sell this summer.

San Diego, Calif.-based Advanced Marketing requested Wednesday that the U.S. Bankruptcy Court for the District of Delaware sign off on the $750,850 bonus plan to retain key employees of Publishers Group West Inc. as it switches its distribution services to independent publisher Perseus Books LLC.

The 117 employees will receive bonuses...
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