Ex-Coda Workers Say Ch. 11 Plan Gives Free Pass To PE Firm

Law360, Wilmington (October 7, 2013, 5:03 PM EDT) -- The putative class of former employees suing defunct electric carmaker Coda Holdings Inc. for alleged improper layoffs balked late Friday at the company's Chapter 11 liquidation plan, which they argue locks them out of taking action against the private equity firm that has since bought the debtor.

In a preliminary objection filed in the U.S. Bankruptcy Court for the District of Delaware, Tony Bulchak — who filed a U.S. Worker Adjustment and Retraining Notification Act lawsuit against Coda claiming he and scores of others were laid off without proper notice — argues that the plan includes a permanent injunction stopping the...

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