We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Trustee Objects To Another Dura Bonus Plan

Law360 (June 22, 2007, 12:00 AM EDT) -- The U.S. Trustee overseeing Dura Automotive Systems Inc.’s Chapter 11 case has objected to the bankrupt auto parts maker’s plan to pay up to $1.3 million in bonuses to executives at its Atwood Mobile Products unit.

In court documents filed Thursday with the U.S. Bankruptcy Court for the District of Delaware, U.S. Trustee Kelly Beaudin Stapleton said Dura had not yet demonstrated why the payments were appropriate.

“In light of clear congressional intent under the (Bankruptcy Abuse Prevention and Consumer Protection Act) to limit unchecked retention...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.