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...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!