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Legal experts question A&P's $6 million exec trust fund

2015-09-11 00:56:25| Grocery - Topix.net

Montvale-based A&P's plan to spend up to $3.9 million on retention bonuses for non-union managers and mid-level executives, to be heard by the bankruptcy court Friday, is a typical bankruptcy request, legal experts said. What isn't typical, they said, is the multi-million-dollar trust fund the company set up three and a half months before filing for bankruptcy to provide compensation for its top executives.

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