Judge OKs Workers' Comp Deal For Sharper Image

Law360, New York (April 24, 2008, 12:00 AM EDT) -- Sharper Image Corp. has won approval from a bankruptcy court judge authorizing the specialty retailer to enter into a financing agreement with AICCO Inc. in order to cover insurance payments for its workers' compensation policy.

The company asked the U.S. Bankruptcy Court for the District of Delaware to approve the agreement in a motion filed April 4, after renewing its workers' compensation program for one full year. The premium for that new policy, Sharper Image said in its motion, is $724,897, due by May 15, 2008....
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