Hussey Employees Likely Not Entitled To Bonuses, Judge Rules

Law360, New York (September 19, 2012, 2:47 PM EDT) -- Employees of bankrupt copper products manufacturer Hussey Copper Ltd. may not be entitled to receive about $400,000 in incentives for their work in 2011 because they showed no proof they earned the bonuses, a Delaware bankruptcy judge ruled Tuesday.

U.S. Bankruptcy Judge Brendan L. Shannon disallowed or reclassifed as unsecured about $400,000 in total bonus payments to Hussey personnel who claimed they earned a 30 percent increase in their annual salaries because of the "healthy backlog” of copper sales they created for the company before its...
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