UPDATE 11/9/11

On December 14, 2009, the court approved a final settlement valued at $6.5 million dollars for the former employees of American Home Mortgage. On August 8, 2007, Outten & Golden filed suit against American Home Mortgage Corp, American Home Mortgage Acceptance, Inc., American Mortgage Serving Inc., American Home Mortgage Investment Corp., and American Home Mortgage Holding, Inc. seeking to recover 60 days wages and benefits for former employees of American Home Mortgage who we contend were terminated on or about August 3, 2007 in violation of the Worker Adjustment and Retraining Notification Act (the WARN Act).

A distribution to the WARN Class has not yet been made. The Trustee continues to work to resolve claims and pending litigation which will impact the timing of distributions to AHM creditors, including the WARN Class. The Debtor is currently projecting full payment to the WARN Class by June 2012. If that estimate changes we will update you here. Once settlement checks are mailed, Class Members will have six months from the date of issuance to deposit or negotiate their checks or risk reversion of the funds to the AHM Estate. 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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