Watchdog Says NJOY Ch. 11 Bonus Info Should Be Public

Law360, Wilmington (November 30, 2016, 8:27 PM EST) -- The federal bankruptcy watchdog objected Wednesday to an attempt by e-cigarette maker NJOY Inc. to seal details of its employee bonus plan, saying that there is no reason to keep the amounts being paid to employees hidden from the public.

In his objection, U.S. Trustee representative David L. Buchbinder said that the key employee incentive program proposed by NJOY will provide for a payment to all of the company's 50 employees, so the identity of the recipients and the amounts due to them doesn't have to...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

NJOY, Inc.


Case Number

1:16-bk-12076

Court

Delaware

Nature of Suit

Date Filed

September 16, 2016

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.