24 Hour Fitness Gets OK for $6 Million Bonuses in Delaware Chapter 11

Law360

"A Delaware judge on Friday gave her nod to bankrupt gym chain 24 Hour Fitness' plan to pay up to roughly $6 million in incentive bonuses to 22 of its senior managers, after the maximum payout was reduced by about $2.7 million from a prior proposal and performance benchmarks were tweaked."

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Related Contacts
Olya Antle Associate, Washington, DC
Cathy Hershcopf Partner, New York
Michael Klein Special Counsel, New York
Lauren A. Reichardt Associate, New York
Related Practices & Industries

Business Restructuring & Reorganization