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Peregrine Financial Group Inc d/b/a PFGBest – $1.85 Million Settlement

UPDATE 02/07/2020

On July 10, 2012, we filed suit against Peregrine Financial Group, Inc., d/b/a PFGBest (“PFGBest”) to recover 60 days wages and benefits for former employees of PFGBest under the Worker Adjustment and Retraining Notification (“WARN”) Act. We contend PFGBest ordered mass layoffs at the company’s facilities in Chicago, Illinois and Cedar Falls, Iowa on or about July 9, 2012, and within 30 days of that date, without providing the employees 60 days advance written notice. The case is pending in the U.S. District Court for the Northern District of Illinois.

On July 10, 2012, PFGBest filed for chapter 7 bankruptcy protection in the United States Bankruptcy Court for the Northern District of Illinois. On July 11, 2012, we transferred the WARN suit to the bankruptcy court.

On February 20, 2013, the case was certified as a class action and notice of the case was mailed to the members of the class on March 25, 2013.

On December 19, 2019, the Bankruptcy Court granted final approval of a settlement on behalf of the former PFGBest employees.

On February 6, 2020, settlement checks, less class counsel’s fees, expenses, a service payment, and applicable withholding, were mailed to class members’ last known addresses. Class members will have ninety (90) days from mailing to cash their checks to avoid funds reverting to the PFGBest estate to pay other creditors’ claims.

If this mass layoff affected you, Raisner Roupinian LLP can provide you with updated information regarding your rights in this case. 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.

If you have any questions regarding this matter or to update your address and telephone number, please do so by completing the contact us form.