AHM Settles WARN Class Action For $6.5M

Law360, New York (October 15, 2009, 3:50 PM EDT) -- A bankruptcy court has granted preliminary approval of American Home Mortgage Holdings Inc.’s $6.5 million settlement with former employees suing over the debtor’s mass layoffs in 2007.

On Wednesday, Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the District of Delaware cleared the way for a fairness hearing in December to finalize the settlement, which puts to rest allegations American Home Mortgage violated the Worker Adjustment and Retraining Notification Act by failing to give its work force adequate notice before axing thousands in August...
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