Countrywide To Pay $1.2M To Settle WARN, Severance Claims

Law360, New York (October 10, 2012, 1:49 PM EDT) -- Bank of America Corp.'s Countrywide Financial Corp. agreed to pay $1.2 million to end a proposed class action alleging that the company failed to provide notice of an impending layoff and unfairly reduced severance pay, according to a filing submitted Friday in California federal court.

The proposed payout would go to a class of approximately 280 former employees and would resolve claims that Countrywide and Bank of America violated the California and federal Worker Adjustment and Retraining Notification Acts, which require employers to give 60-day advanced...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Sean S Simonyan v. Countrywide Financial Corporation et al


Case Number

2:10-cv-02455

Court

California Central

Nature of Suit

Other Statutory Actions

Judge

Manuel L. Real

Date Filed

April 5, 2010

Law Firms

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.