Bankrupt Orchard Supply Gets OK For $3M Exec Bonus Plan

Law360, Wilmington (August 6, 2013, 6:51 PM EDT) -- A Delaware bankruptcy judge gave his OK on Tuesday to Orchard Supply Hardware Stores Corp.'s up-to $3 million executive bonus plan over the objections of the U.S. Trustee's Office, which argued the key goal to land a potential buyer was already met when the retail chain entered bankruptcy.

U.S. Bankruptcy Judge Christopher S. Sontchi said he too had some reservations on first blush when looking at the home-and-garden chain's bonus plan request, since the $200 million sale threshold was reached the day Orchard Supply filed for...
To view the full article, register now.




Case Information

Case Title

OSH 1 Liquidating Corporation

Case Number




Nature of Suit

Date Filed

June 17, 2013

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.