Appeal Over Nellson's Mgmt. Incentive Plan To Go On

Law360, New York (October 13, 2008, 12:00 AM EDT) -- With executives at flagging companies under fire these days, a federal district judge has rejected Nellson Nutraceutical Inc.'s attempt to quash an appeal brought by the U.S. trustee and the official committee of unsecured creditors over the bankrupt diet bar maker's proposed management incentive plan.

On Thursday, the U.S. District Court for the District of Delaware shot down Nellson's motion to dismiss on mootness grounds, with U.S. District Judge Gregory Sleet ruling that it was not too late in the case for the appeal to proceed....
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