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$6 million 'trust' fund for executives an issue in A&P bankruptcy case

2015-09-10 00:53:18| Grocery - Topix.net

Three months before it filed for bankruptcy, Montvale-based A&P set up a $6 million trust account to make sure it could continue to pay its top executives during the bankruptcy proceedings, according to court documents. That multi-million-dollar trust account has become an issue in the company's request for approval of an additional $5 million in retention pay for executives and store managers.

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