Ruling Deferred On Bumble Bee Ch. 11 Incentive Bonuses
Law360, Wilmington (January 10, 2020, 7:36 PM EST) -- A Delaware bankruptcy judge said Friday that she needed more time to consider proposals from canned seafood producer Bumble Bee after hearing arguments from the official committee of unsecured creditors in the distributor’s Chapter 11 case.
During the hearing in Wilmington, U.S. Bankruptcy Judge Laurie Selber Silverstein said that decisions on Bumble Bee’s proposed post-petition key employee incentive plan and the application of a pre-petition annual incentive plan as it relates to three executives would come at a later date, though she agreed to approve the annual incentive plan in general Friday.
The court said there was no objection to that...
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