Anger over corporate wallet-stuffing in hard times could spill over into bankruptcy court as a judge hears objections to paying $1.7 million in “shutdown bonuses” and other executive rewards at the New Haven Register’s parent company.
An April 2 hearing date has been set for a move by Connecticut Attorney General Richard Blumenthal (pictured) to block the bonuses during consideration in U.S. bankruptcy court in Manhattan of the Journal Register Co.‘s (JRC) request for Chapter 11 protection from creditors.
Click here to continue reading Paul’s report.