Bankrupt 'Life Of Pi' Studio Gets Nod For $1M Worker Deal

Law360, Los Angeles (October 24, 2013, 4:17 PM EDT) -- A Los Angeles federal bankruptcy judge on Wednesday approved a $1 million settlement for a class of workers that claims the now-bankrupt visual effects studio behind “Life of Pi” breached the Workers Adjustment and Retraining Notification Act when it didn’t pay them after the company shut down.

The Oscar-winning Rhythm & Hues Inc. agreed to pay at least $1 million to the workers out of its bankruptcy estate, ending six months of adversary proceedings in which a pair of visual effects artists led a battle over...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.