Justice Department Watchdog Targets Bankruptcy Bonuses

August 3, 2012 – Media Mention
Dow Jones Daily Bankruptcy Review

Stephen Selbst is quoted extensively in an article discussing the recent efforts by the US Department of Justice's bankruptcy division to block companies from paying incentive bonuses to the executives who led their companies into Chapter 11 protection. According to Mr. Selbst, "When companies in Chapter 11 seek to pay executive bonuses, even though employees are laid off and creditors lose their money, we are often the only party to enforce the bonus restrictions imposed by law."