2nd Circ. Tosses Atmel Fraud Suit Over French Plant Closure
By Melissa Daniels ( June 27, 2016, 5:08 PM EDT) -- A Second Circuit panel said Monday a bankrupt French manufacturing plant and an employee cannot bring a proposed class action alleging semiconductor manufacturer Atmel Corporation fraudulently sold off the plant to German firm LFoundry GmbH in order to avoid the costs of shuttering it, saying the case is best suited to be heard in a French court....
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