Riverstone Judge Grants Executive Bonus Program

Law360 (April 6, 2006, 12:00 AM EDT) -- A U.S. bankruptcy court has approved a $1.4-million bonus plan for Riverstone Network Inc.’s top executives, while still allowing for other parties to request the return of the contested bonus payments.

U.S. Bankruptcy Judge Christopher S. Sontchi gave the green light earlier this week for the ethernet infrastructure provider to make payments of up to a total of $1.4 million to 15 key executives.

However, the judge also cleared the way for the creditors committee, equity committee and U.S. Trustee involved in Riverstone’s Chapter 11 case...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.