Former RadioShack Employees Object To Del. Ch. 11 Plan
Law360, Wilmington (October 16, 2017, 4:13 PM EDT) -- A group of former employees suing defunct RadioShack over botched mass layoffs urged a Delaware bankruptcy court Monday to shoot down the electronic retailer's proposed Chapter 11 plan, saying it provides no information on how RadioShack will pay for the proposed class action if the laid-off workers prevail.
RadioShack's proposed Chapter 11 plan seeks to reorganize the bankrupt electronics retailer's debt structure and to shift its operational focus to its e-commerce assets. But lead plaintiffs Calvin Hoskison and Eric Vanderlip say it barely addresses their proposed class action, which alleges RadioShack violated wage theft laws and the Worker Adjustment and Retraining...
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