UPDATE 5/7/10

On July 28, 2009, Outten & Golden filed suit against GRA Liquidation, Inc., GRA Enterprises Liquidation, Inc., PMC Liquidation Corporation, Pecus ARG Investment, Inc., Versa Capital Fund 1, L.P., Versa Capital Fund 1 Parallel, L.P., and Versa Capital Management, Inc. seeking to recover 60 days wages and benefits for former employees of Black Angus Steakhouse who we contend were terminated on or about March 10, 2009 in violation of the Worker Adjustment and Retraining Notification Act (the WARN Act) and the California Labor Code § 1400. The case is currently pending in the United States Bankruptcy Court for the District of Delaware.

On April 6, 2010 the Court converted the estate to Chapter 7. A Trustee has been appointed.

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
3 Park Avenue, 29th Floor
New York, New York 10016
Toll Free 1-877-4-OUTTEN
Telephone: 212-245-1000
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