Trustee Fights Bonuses For Fieldstone Insiders

Law360, New York (March 4, 2008, 12:00 AM EST) -- The U.S. Department of Justice has appealed an order in Fieldstone Mortgage's Chapter 11 bankruptcy proceedings giving the firm permission to pay $431,000 in retention bonuses to seven company executives.

U.S. Trustee W. Clarkson McDow Jr. has asked the U.S. Bankruptcy Court for the District of Maryland to grant a stay pending his appeal of the order with the U.S. District Court in Baltimore. A hearing on that motion is scheduled for Friday.

He argues in his motion, filed Thursday, that the retention bonuses approved by...
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