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CODA Automotive, Inc. - $430,000 Class Settlement

Update 11/30/2015

On April 29, 2013, Outten & Golden filed suit against CODA Automotive, Inc. ("CODA") seeking to recover 60 days wages and benefits for former employees under the Worker Adjustment and Retraining Notification ("WARN") Act and the California WARN Act. We contend CODA ordered mass layoffs on or about December 14, 2012, without providing its employees with advance written notice. On May 1, 2013, CODA filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of Delaware.

On November 19, 2013, the Court held a Final Fairness Hearing and approved a settlement in the amount of $430,000 to the class, inclusive of class counsel's fees and expenses. The settlement is being funded by the Estate from collection proceeds. We do not yet have a timeframe for distribution of settlement checks, but project it will occur by September 2016.

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