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Borders WARN Act Class Action Reaches Tenative $240K Settlement


This is a settlement for the Employment lawsuit.

Ann Arbor, MI: Borders Group Inc has agreed to settle an employment class action lawsuit brought by 198 former employees over alleged violations of the Worker Adjustment Retraining and Notification (WARN) Act.

The Ann Arbor-based bookseller is in the last stages of liquidation, but has agreed to pay $240,000 as settlement to the former employees who claim they were laid off without sufficient notice, violating federal regulations. After legal fees are deducted, reports indicate that each plaintiff could receive $797. The suit was filed by former employees of Borders' Ann Arbor headquarters, led by an employee named Jared Pinsker. According to the settlement filing, the parties agreed to settle their dispute to avoid a protracted and costly legal battle.

Borders, which finished closing its stores and liquidating its inventory in September, filed for Chapter 11 bankruptcy protection in February. The company converted its case into a Chapter 11 bankruptcy liquidation in July.

A U.S. bankruptcy judge in Manhattan must approve the settlement.

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Published on Nov-29-11


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