Connecticut Attorney General's Office
Press Release
Attorney General's Statement On Bankruptcy Court Ruling That Allows $1.3 Million In Bonuses To Journal Register Company Executives
July 8, 2009
"My office raised strong objections because the JRC failed to justify the purpose and necessity of these payments, including who will receive them, and how much each executive will receive. While we disagree with the court's decision, our objections compelled a more stringent and thorough review of the bonus proposal by the court and afforded all creditors and parties the opportunity to review and vote on this plan.
"My office is reviewing the decision and will determine whether further action is appropriate."