Press Mention

24 Hour Fitness Gets OK for $6 Million Bonuses in Delaware Chapter 11

Law360
September 21, 2020

"A Delaware judge on Friday gave her nod to bankrupt gym chain 24 Hour Fitness' plan to pay up to roughly $6 million in incentive bonuses to 22 of its senior managers, after the maximum payout was reduced by about $2.7 million from a prior proposal and performance benchmarks were tweaked."

Read the article (subscription required)

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.