IN RE: FBI DISTRIB. CORP., 02-2054
A Chapter 11 debtor did not have to pay in excess of $1.2 million in severance pay, pursuant to the terms of two pre-petition contracts, as an administrative expense to an executive who was terminated after rendering post-petition services, because his claim was denied administrative priority status.
- Decided 05/27/2003
- Published 05/27/2003
STAHL, Senior Circuit Judge., Before TORRUELLA, Circuit Judge, CAMPBELL and STAHL, Senior Circuit Judges.
United States First Circuit
Robert M. Trien, with whom Victor G. Milione, P.C., and Nixon Peabody, LLP, were on brief, for appellant.
Ronald R. Sussman, with whom Christopher A. Jarvinen, Kronish, Lieb, Weiner & Hellman, LLP, Joseph S.U. Bodoff, and Bodoff & Associates, were on brief, for appellees.