Ex-Workers Lose Appeal Of Claims V. First Magnus

Law360, New York (April 6, 2009, 12:00 AM EDT) -- A federal judge has denied an appeal brought by hundreds of former workers at First Magnus Financial Corp., putting the kibosh on an adversary proceeding against the mortgage lender over its unannounced terminations of the workers just prior to entering bankruptcy.

Judge Cindy Jorgensen of the U.S. District Court for the District of Arizona on Friday affirmed an earlier bankruptcy court order dismissing the claims and denying a request for class certification, among other measures.

“Appellants’ adversary proceeding has been dismissed by the bankruptcy court and...
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