UPDATE 05/7/10

On August 21, 2007, Outten & Golden filed suit against HomeBanc Mortgage seeking to recover 60 days wages and benefits for former employees of HomeBanc who we contend were terminated in violation of the Worker Adjustment and Retraining Notification Act (the WARN Act). The case is pending in United States Bankruptcy Court for the District of Delaware. The court certified the case as a class action on December 18, 2007.

On February 24, 2009, the Court converted the case to chapter 7 and a Trustee was appointed. Discovery resumed in April 2010 and is scheduled to conclude September 1, 2010.

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
Facsimile: 212-977-4005
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