UPDATE 5/7/10

On December 13, 2007, 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 of Alliance Bancorp 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 California Labor Code § 1400. The case is currently pending in United States Bankruptcy Court for the District of Delaware.

The parties have reached a tentative class settlement, subject to Court approval. If the settlement is approved by the Court, notice will be mailed to the class.

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. To contact us regarding this matter, please call 1-877 4-OUTTEN and ask for René Roupinian or email her.

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OUTTEN & GOLDEN LLP
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