Bankruptcy Judge OKs Jeweler's Incentive Plan

Law360 (June 27, 2008, 12:00 AM EDT) -- A judge has approved an employee retention and incentive plan for bankrupt jewelry retailer Friedman's Inc. more than a month after shooting down an alternative version of such a plan.

Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the District of Delaware gave the plan his blessing in an order Wednesday.

The management incentive plan includes C. Steven Moore, the company's chief restructuring officer and general counsel, and Robin Urban, the vice-president and controller. Neither will receive anything if the company's net cash balance...
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