Allied Exec Bonus Plan Would Pay $3M If Sale Tops $200M

Law360, Wilmington (July 2, 2013, 4:07 PM EDT) -- Bankrupt Allied Systems Holdings Inc. sought approval Monday for a bonus plan that would see top executives share as much as $2.85 million if the car hauler's planned Chapter 11 sale brings in more than $200 million.

Atlanta-based Allied has been stuck in Chapter 11 for more than a year and bonus plan would both reward the seven participating executives for their extra work during the case and serve as a carrot to help realize the best possible price for the company at its planned Section...
To view the full article, register now.




Case Information

Case Title

ASHINC Corporation

Case Number




Nature of Suit

Date Filed

May 17, 2012

Law Firms


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.