Bankruptcy judge approves incentive pay for Furniture Brands management - Winston-Salem Journal: Business News

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Bankruptcy judge approves incentive pay for Furniture Brands management

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Posted: Friday, October 11, 2013 8:24 pm

A U.S. Bankruptcy Court judge approved Friday a request for incentive pay to management and non-insiders of Furniture Brands International Inc. despite opposition by a bankruptcy trustee and a committee representing unsecured creditors.

Judge Christopher Sontchi, of the U.S. Bankruptcy Court in Delaware, approved modified key employee incentive and retention plans worth an overall $2.17 million. The plan could be worth up to $3.5 million overall.

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