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Bankrupt Unilife Seeks $1M In Bonuses For Top Brass

By Ryan Boysen
Law360, New York (April 26, 2017, 1:41 PM EDT) -- Bankrupt medical device maker Unilife Corp. asked a Delaware bankruptcy court Tuesday to approve a plan to pay four top executives roughly $1 million in bonuses in exchange for meeting certain performance goals and putting together a successful sale of the company.

Unilife, which makes wearable devices that inject or infuse medications through the skin, said it has already cleared the “key employee retention plan” with its debtor-in-possession lender. The company called the payout necessary to keep its executives working hard while it searches for a...

https://www.law360.com/delaware/articles/917255/bankrupt-unilife-seeks-1m-in-bonuses-for-top-brass