People's Choice Settlements Get Preliminary OK

Law360, New York (December 2, 2008, 12:00 AM EST) -- A bankruptcy judge on Monday preliminarily approved settlements between a trustee and former employees of People's Choice Home Loan Inc. seeking payments under the Worker Adjustment Retraining and Notification Act and California law.

Any objections to the settlements, reached in the U.S. Bankruptcy Court for the Central District of California, are due prior to a Feb. 3 fairness hearing.

The joint settlement motion was filed by Ronald F. Greenspan, trustee of the bankrupt home lender's liquidating trusts, and attorneys for two groups of former employees who...
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.