Bankrupt Value City Hit With WARN, ERISA Suit

Law360, New York (October 30, 2008, 12:00 AM EDT) -- A putative class of workers sued bankrupt Value City Holdings Inc. on Wednesday, alleging they were denied legally required notice, as well as benefits entitled to them under pension laws, when they were terminated two days ahead of the off-price retailer's bankruptcy filing.

The adversary proceeding, filed in the U.S. Bankruptcy Court for the Southern District of New York, alleges violations of the Worker Adjustment and Retraining Notification Act and the Retirement Income Security Act.

In violation of the WARN Act, Value City never gave roughly...
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