MatlinPatterson Can't Slip WARN Suit From Former Investment

Law360, Wilmington (April 23, 2013, 9:54 PM ET) -- 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.

The complaint alleges that MatlinPatterson and its affiliates, as majority owners of Nebraska-based Premium Protein Products LLC, violated the Worker Adjustment and Retraining Notification Act by shuttering the company's plants on three days' notice and misleading employees into believing they were merely being...
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