September 25, 2013
MatlinPatterson Global Advisers LLC will pay $1.2 million to settle a class action brought by former employees of meat processing plants owned by the private equity firm alleging that they were not properly notified of the plants' closings and were misled about their employment status.
April 23, 2013
A Delaware district judge on Tuesday refused to dismiss a putative class action against MatlinPatterson Global Advisers LLC, ruling that terminated workers of a meat processing operation could bring a federal employment claim against the private equity firm as the bankrupt company's parent.