October 12, 2016
Partners Eric R. Wilson and Jason R. Adams and associate Lauren S. Schlussel are mentioned in The Deal Pipeline article, "Logan's Roadhouse Pays Bonuses to 58 Key Employees,” regarding the bankruptcy of restaurant chain, Logan’s Roadhouse. The steakhouse filed for Chapter 11 protection in August 2016 citing declining sales and margins as a result of an increase in commodities and labor costs. The article discusses Chief Judge Brendan Shannon’s approval of Roadhouse Holding Inc.’s key employee retention program and key employee incentive program. The programs will pay bonuses (not exceeding $1.1 million) to 58 employees who hold the titles director, officer, management, department head or corporate staff.
The Kelley Drye team is representing the official committee of unsecured creditors.