Prentice Can’t Ditch Ex-KB Toys Workers’ WARN Action

Law360, New York (June 24, 2011, 6:15 PM EDT) -- The former owner of KB Toys Inc. on Friday lost its bid to dismiss a putative class action in Massachusetts alleging that it failed to properly notify employees before ordering mass layoffs after the toy store chain filed for bankruptcy in December 2008.

In a docket text-only order, U.S. District Judge Michael A. Ponsor denied Prentice Capital Management LP's motion to dismiss the plaintiffs' amended complaint accusing the company of violating the Worker Adjustment and Retraining Notification Act of 1988.

Former KB Toys employees Shanon Contini...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.