News Summary January 9, 2020
Today's Main Story: Bumble Bee Creditors Clash Over Potential Bonus Payouts to Top Executives
Bumble Bee Foods fired back at unsecured creditors who filed an objection to plans to pay bonuses to a trio of top executives. The Official Committee of Unsecured Creditors cited that Bumble Bee should not pay the bonuses of three individuals, “who, based on testimony given at the criminal trial of [Bumble Bee Foods’] recently convicted former CEO, were directly involved in the Debtors’ prepetition price-fixing conspiracy.” The objection was filed in the U.S. Bankruptcy Court in Delaware on January 3...
To Read Full Story Login Below.