Lehman Brothers Holdings

UPDATE 11/5/12

On November 4, 2008, Outten & Golden filed suit against Lehman Brothers Holdings, Inc., seeking to recover 60 days wages and benefits for former employees of Lehman Brothers who we contend were terminated on or about September 9, 2008, in violation of the Worker Adjustment and Retraining Notification Act (the WARN Act). The case was settled in United States Bankruptcy Court for the Southern District of New York.

On September 21, 2009, Outten & Golden filed a second suit against Lehman Brothers Holdings, Inc. in the United States Bankruptcy Court for the Southern District of New York for unpaid salary continuation for former employees of Lehman Brothers that were terminated on or about September 9, 2008. The case was resolved.

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.

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