Wireless Tech Maker Akoustis Approved to Pay Bankruptcy Bonuses

Akoustis Technologies, Inc. won court approval to pay its top managers bonuses to give them an incentive to bring in as much money as possible from the company’s final sale while it is in bankruptcy.

• US Bankruptcy Judge Laurie Selber Silverstein dismissed an objection from Akoustis’ biggest unsecured creditor; she said the bonuses are designed to help raise money to repay the company’s debts
• Rival technology company Qorvo, Inc. had complained that the manager payouts — as much as $715,000 — could reduce how much creditors collect
• Akoustis filed bankruptcy in December after losing a patent lawsuit brought by Qorvo ...