Labor & Economic News Blog


Wednesday, August 22, 2007

Former employees sue HomeBanc over layoffs

Former employees sue HomeBanc over layoffs
Atlanta-based HomeBanc Corp.'s abrupt layoff of more than 900 workers at the start of its Chapter 11 bankruptcy filing has spurred some of the former workers to sue the fallen mortgage lender. In a class-action lawsuit filed Tuesday in the U.S. Bankruptcy Court in Wilmington, Del., three of the company's former workers said that the massive layoff violated employee rights under federal law. The Worker Adjustment and Retraining Notification Act, or WARN Act, requires that companies give their workers 60 days advance written notice before conducting widespread layoffs.

 



<< Blog Home

 

This page is powered by Blogger. Isn't yours?