Judge OKs Sharper Image Employee Incentive Plan

Law360, New York (June 27, 2008, 12:00 AM EDT) -- Over the objections of the U.S. trustee, the bankruptcy judge in charge of Sharper Image Corp.'s Chapter 11 case has signed off on the home gadget retailer's $1.13 million employee incentive plan.

Judge Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware issued an order Thursday authorizing Sharper Image to distribute a little over $1 million to certain executives and key employees who are assisting with the company's wind-down.

The plan faced criticism from acting Trustee Roberta DeAngelis, who labeled it a disguised...
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