Ch. 11 Trustee Questions $2.1M Jackpot For Casino Execs

Law360, New York (December 09, 2013, 9:10 PM ET) -- A federal bankruptcy trustee on Friday asked a New Jersey judge not to approve up to $2.1 million in bonuses for the executives of an Atlantic City casino as they try to secure a buyer while working through the casino’s Chapter 11 restructuring.

Roberta A. DeAngelis filed a document Friday asking U.S. District Judge Gloria M. Burns to deny bonuses to executives from RIH Propco NJ LLC, who stand to reap as much as $2.1 million depending on the price their ailing Atlantic Club Casino Hotel...
To view the full article, register now.