Ex-Solyndra Workers Try To Knock Down Bonus Plan

Law360, New York (January 17, 2012, 5:46 PM EST) -- A class of former Solyndra LLC employees on Monday launched an objection to the bankrupt company's $500,000 incentive plan that will award bonuses to 21 current employees, arguing the company has not proven the plan would be a sound business decision.

The California-based solar panel maker submitted a motion for approval of the plan to a Delaware bankruptcy court earlier this month, claiming the bonuses were a maneuver to keep its current employees working toward achieving various performance goals.

According to the objection, 1,000 terminated Solyndra...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.