Judge Denies Class In Musicland Overtime Suit

Law360, New York (March 15, 2007, 12:00 AM EDT) -- A judge overseeing Musicland Holding Corp.'s bankruptcy case has shot down a proposed overtime pay class action brought by former store managers, saying the class claim would doom the music retailer’s liquidation plan.

Judge Stuart M. Bernstein of the U.S. Bankruptcy Court for the Southern District of New York determined Tuesday that if allowed, the $1.26 million priority wage claim would seriously jeopardize the administration of the case.

“The official committee of unsecured creditors will probably not object to the individual priority wage claims filed by...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.