AMC Hit With Proposed WARN Act Class Action

Law360, New York (August 21, 2007, 12:00 AM EDT) -- A week after filing for bankruptcy, subprime lender Aegis Mortgage Corp. was hit with a purported class action on Monday, accusing it of laying off hundreds of workers without giving them sufficient advance notice, as is required under the Worker Adjustment and Retraining Notification Act.

The plaintiffs allege that on Aug. 7, AMC fired approximately 400 workers without giving them the requisite 60 days advance notice.

“As a consequence, the plaintiffs and the other class members are entitled under the WARN Act to recover from the...
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