A&P judge OKs modified KERP; auction delayed

The judge in A&P’s bankruptcy case has approved the retailer’s request to set aside $3.9 million to pay retention bonuses to certain employees who stay through the wind-down of the company’s stores, with the caveat that an additional $1.1 million be put aside to help pay severance to workers who will be let go.

That request was granted Monday at a hearing in White Plains, N.Y., according to local news reports. As reported prev

Register to view the full article

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.