Coldwater Creek Gets OK For $2.5M Exec Compensation Plans

Law360, New York (June 9, 2014, 12:21 PM EDT) -- A Delaware bankruptcy judge on Friday approved $2.5 million in compensation plans for executives and other employees at defunct clothier Coldwater Creek Inc., despite the objections of a U.S. trustee.

U.S. Bankruptcy Judge Brendan L. Shannon gave the plans the green light in a brief order, citing an agreement between the company and a committee of creditors reached on June 2. As part of the deal, Coldwater Creek agreed to reduce the maximum payout potential for executives and other insiders to $1.7 million, and another that...
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