US Trustee Questions Intent Of Vertis' Employee Bonus Plan

Law360, Wilmington (November 21, 2012, 8:13 PM EST) -- The U.S. Trustee objected Tuesday to an incentive program put forth by Vertis Holdings Inc., saying the proposed plan — which could pay employees as much as $4.3 million upon the bankrupt company's sale to Quad/Graphics Inc. — lacks adequate information about the participants involved and the attainability of the awards.

In an objection filed in Delaware bankruptcy court, U.S. Trustee Roberta A. DeAngelis said the motion seeking approval of Vertis' key employee incentive program fails to identify whether executives who stand to benefit are company...
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