UPDATE 5/7/10

On December 12, 2007, Outten & Golden filed suit against Delta Financial Corporation, Delta Funding Corporation and Fidelity Mortgage Inc., seeking to recover 60 days wages and benefits for former employees of Delta who we allege were terminated on or about August 22, 2007 and November 8, 2007 in violation of the Worker Adjustment and Retraining Notification Act (the WARN Act). The case is currently pending in United States Bankruptcy Court for the District of Delaware.

The case is currently in the discovery stage and the parties are simultaneously exploring settlement.

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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