Accredited Home Settles Labor Class Suits For $2M

Law360, New York (June 8, 2011, 7:00 PM EDT) -- A Texas federal judge on Wednesday dismissed two class actions brought against Accredited Home Lenders Holdings Inc. by former employees after a Delaware bankruptcy court approved a $2 million settlement between the plaintiffs and the bankrupt subprime mortgage lender.

The plaintiffs sued AHLH in August 2007 for instituting a mass layoff at the company's facility in Austin, Texas, without giving the employees 60 days' notice as required by the Worker Adjustment and Retraining Notification Act.

AHLH was hit in September 2007 with a similar suit brought...
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