We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Court Seals Hearing On Exec Bonuses

Law360 (August 10, 2006, 12:00 AM EDT) -- A bankruptcy judge has sealed the record for the hearing on bankrupt ladder maker Werner Co.’s motion to pay bonuses to top executives.

Judge Kevin Carey’s order, signed Tuesday, allows the debtors to exclude nonobjecting third parties other than the debtors pre-petition and post-petition secured lenders from the courtroom. He also denied telephone access during a hearing, scheduled for later this month, to consider the plan.

All nondebtor parties attending the hearing are forbidden from disclosing any and all information related to the incentive plan motion,...
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.