Freedom Industries President Gary Southern requested an order in bankruptcy court documents filed on Saturday to collect paychecks for work following the company's Jan. 17 chapter 11 filing, the Associated Press reported yesterday. The documents say that Southern earns a $230,000 salary. He last received a paycheck covering services through Jan. 19. Southern is requesting that his paychecks be negotiated and issued until Freedom can appoint a chief restructuring officer. Court papers say he worked 46 straight days through Feb. 26.
http://www.huffingtonpost.com/2014/03/17/freedom-industries-president-g…
For further analysis of the Freedom Industries bankruptcy, including an examination of the company’s environmental liabilities in chapter 11, be sure to listen to ABI’s recent podcast featuring James Redwine: http://news.abi.org/podcasts/145-examining-recent-cases-involving-envir…