Glansaol Plan Admin Urges Approval Of Wage Settlement

Law360 (November 27, 2019, 3:12 PM EST) -- The administrator for the estate of bankrupt makeup brand holding company Glansaol Holdings has asked a New York bankruptcy judge to sign off on a $330,000 class action settlement with marketing workers who said they were wrongly classified as freelancers.

The settlement will resolve more than $3.5 million in claims the workers have asserted against the company for alleged violations of California labor law, plan administrator Charles Berk said in a motion filed on Wednesday.

Glansaol filed for Chapter 11 in December 2018 with $18.5 million in debt, most of it owed to vendors. It said it was dragged down by...

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