State Attorney General Files Objection to Journal Register Execs' Bonuses

Posted Wednesday, March 4, 2009 12:00 am

By: The Connecticut attorney general's office has filed an objection in Journal Register Co.'s case in bankruptcy court.

The attorney general's office objects to a plan that would pay up to $1.7 million in bonuses to executives. The Yardley, Pa.-based newspaper publisher filed for Chapter 11 bankruptcy protection last month.

The proposed bonuses would be earned in part by meeting employee layoff targets. It must be approved by a U.S. bankruptcy judge in New York.

The attorney general's office filed its objection Wednesday. It says the proposed bonuses violate federal bankruptcy law. An attorney for Journal Register declined comment.

The newspaper company based in Yardley, Pa., owns the New Haven Register and other newspapers in Connecticut, Pennsylvania and other states.

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State Attorney General Files Objection to Journal Register Execs' Bonuses

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