Countrywide’s $1M Deal With Ex-Workers Wins Judge’s Nod

Law360, Los Angeles (January 22, 2013, 10:32 PM EST) -- A California judge on Tuesday preliminarily approved a $1.2 million settlement of a class action alleging Bank of America Corp.'s Countrywide Financial Corp. failed to provide notice of an impending layoff and unfairly reduced severance pay to 290 former employees in Southern California.

The settlement resolves 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 notice of any mass layoffs or plant closures. It would also resolve claims that the...
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