Solyndra To Pay $3.5M To Settle WARN Act Claims

Law360, New York (August 13, 2012, 3:02 PM EDT) -- Solyndra LLC on Friday agreed to pay $3.5 million to settle a proposed employee class action that claimed the bankrupt solar energy company unlawfully failed to give workers enough warning before they were laid off.

In a motion filed in Delaware bankruptcy court, Solyndra asked the court to approve a $3.5 million settlement to resolve claims the company violated the Worker Adjustment and Retraining Notification Act, saying the agreement was fair and reasonable. 

"In light of the inherent risks and costs associated with litigation of the WARN actions, the debtors have determined that the proposed settlement of the WARN claims is...

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