Trustee Balks At $4.2M Bonuses For A123 Execs
In an objection filed in Delaware bankruptcy court, U.S. Trustee Roberta A. DeAngelis said the electric car battery maker’s “key employee incentive plan” is actually a disguised retention plan — something the Bankruptcy Code restricts when insiders are involved.
A123’s proposal “suggests that the KEIP...
To view the full article, register now.