On March 1, 2011, the Court approved a class settlement of $1 million dollars to the former employees of Alliance Bancorp.
Outten & Golden filed suit against Alliance Bancorp, Alliance Bancorp, Inc., ARH Mortgage, Inc., Airlie Opportunity Master Fund, Ltd and WDM Fund, L.P. seeking to recover 60 days wages and benefits for former employees who we contend were terminated on or about July 13, 2007 in violation of the Worker Adjustment and Retraining Notification Act (the WARN Act) and the California Labor Code § 1400. Generally, the WARN Act requires companies to provide their employees with 60 days written notice in advance of a mass layoff or plant closing. In the absence of such notice, employers may be liable to each affected employee for 60 days wages and benefits.
The settlement funds were distributed to the class in April 2011.
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(*Prior results do not guarantee a similar outcome.)