Tracy Hope Davis, U.S. Trustee for Region 2, has criticized the proposed payment of bonuses to four executives of The Great Atlantic & Pacific Tea Company Inc.
Under a short-term incentive plan for A&P key employees, as much as $1.76 million of a $6.8 million bonus pool will be paid to four executives whom the Debtors acknowledge to be "insiders."
For the full story, read ATLANTIC & PACIFIC Bankruptcy News, Issue No. 14.
ATLANTIC & PACIFIC Bankruptcy News, Issue No. 14 contains stories with these headlines:
[00194] LANDLORDS, ET AL. BLAST A&P'S PROPOSED STORE CLOSURES
[00195] DEBTORS' MOTION TO CLOSE 32 STORES IN SIX STATES
[00196] DEBTORS' MOTION TO APPROVE KEY EMPLOYEES INCENTIVE PLAN
[00197] DEBTORS' MOTION TO EMPLOY ORDINARY COURSE PROFESSIONALS
[00198] FRITO-LAY, ET AL.'S MOTION TO APPOINT COMMITTEE
[00199] GUZO'S MOTION TO LIFT STAY TO PROSECUTE PI CLAIM
[00200] SANCHEZ'S MOTION TO LIFT STAY TO PROSECUTE CLAIM
[00201] DEBTORS' OMNIBUS OBJECTION TO LIFT STAY MOTIONS
[00202] COMMITTEE'S APPLICATION TO TAP LOWENSTEIN AS COUNSEL
[00203] BANKRUPTCY APPEAL -- GHI re Contract Rejection Order
[00204] ADVERSARY PROCEEDING -- A&P vs. Local Union No. 863
[00205] ADVERSARY PROCEEDING -- Local 342 vs. Pathmark Stores
[00206] RULE 2019 STATEMENT -- Haynes and Boone LLP
[00207] RULE 2019 STATEMENT -- Cole Schotz
[00208] RETAINED PROFESSIONALS' INTERIM FEE APPLICATIONS
[00209] CREDITORS TRANSFER CLAIMS TOTALING $628,896 IN FEB. 2011
[00210] MONTHLY OPERATING REPORT -- January 2011
A copy of the newsletter can be purchased on-line with a major credit card at
h
Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
How to Subscribe to ATLANTIC & PACIFIC BANKRUPTCY NEWS
ATLANTIC & PACIFIC BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving ATLANTIC & PACIFIC BANKRUPTCY NEWS, please complete and submit the subscription form at h
BCSI reports on latest events arising in the chapter 11 cases commenced by The Great Atlantic & Pacific Tea Co.
Company: Bankruptcy Creditors' Service, Inc.
Contact: Peter A. Chapman
Phone: (215) 945-7000
Email: peter[@]bankrupt.com
Under a short-term incentive plan for A&P key employees, as much as $1.76 million of a $6.8 million bonus pool will be paid to four executives whom the Debtors acknowledge to be "insiders."
For the full story, read ATLANTIC & PACIFIC Bankruptcy News, Issue No. 14.
ATLANTIC & PACIFIC Bankruptcy News, Issue No. 14 contains stories with these headlines:
[00194] LANDLORDS, ET AL. BLAST A&P'S PROPOSED STORE CLOSURES
[00195] DEBTORS' MOTION TO CLOSE 32 STORES IN SIX STATES
[00196] DEBTORS' MOTION TO APPROVE KEY EMPLOYEES INCENTIVE PLAN
[00197] DEBTORS' MOTION TO EMPLOY ORDINARY COURSE PROFESSIONALS
[00198] FRITO-LAY, ET AL.'S MOTION TO APPOINT COMMITTEE
[00199] GUZO'S MOTION TO LIFT STAY TO PROSECUTE PI CLAIM
[00200] SANCHEZ'S MOTION TO LIFT STAY TO PROSECUTE CLAIM
[00201] DEBTORS' OMNIBUS OBJECTION TO LIFT STAY MOTIONS
[00202] COMMITTEE'S APPLICATION TO TAP LOWENSTEIN AS COUNSEL
[00203] BANKRUPTCY APPEAL -- GHI re Contract Rejection Order
[00204] ADVERSARY PROCEEDING -- A&P vs. Local Union No. 863
[00205] ADVERSARY PROCEEDING -- Local 342 vs. Pathmark Stores
[00206] RULE 2019 STATEMENT -- Haynes and Boone LLP
[00207] RULE 2019 STATEMENT -- Cole Schotz
[00208] RETAINED PROFESSIONALS' INTERIM FEE APPLICATIONS
[00209] CREDITORS TRANSFER CLAIMS TOTALING $628,896 IN FEB. 2011
[00210] MONTHLY OPERATING REPORT -- January 2011
A copy of the newsletter can be purchased on-line with a major credit card at
h
Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
How to Subscribe to ATLANTIC & PACIFIC BANKRUPTCY NEWS
ATLANTIC & PACIFIC BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving ATLANTIC & PACIFIC BANKRUPTCY NEWS, please complete and submit the subscription form at h
BCSI reports on latest events arising in the chapter 11 cases commenced by The Great Atlantic & Pacific Tea Co.
Company: Bankruptcy Creditors' Service, Inc.
Contact: Peter A. Chapman
Phone: (215) 945-7000
Email: peter[@]bankrupt.com
No comments:
Post a Comment