|
|
Article: Ex-Anchor employees settle lawsuit for $480,000
- Article from:
- Tribune-Review/Pittsburgh Tribune-Review
- Article date:
- July 25, 2009
- Author:
CopyrightCopyright 2009 Tribune-Review/Pittsburgh Tribune-Review. Provided by ProQuest LLC. (Hide copyright information)
|
The largest shareholder of the bankrupt Anchor Glass Container
Corp. settled a class-action lawsuit Friday with 248 former
employees for $480,000.
The employees sued after they claimed the Connellsville, Fayette
County, plant did not give the required 60 days notice when the
plant closed Nov. 4, 2004, and laid off more than 300 employees.
Lawyers for the plaintiffs said they could seek up to 40 percent
of the settlement for attorneys' fees, leaving $288,000 to be split
among the 248 workers, or $1,161 each.
The workers sued New York-based Cerberus Capital Management, the
company's largest investor, in 2006. A prior lawsuit against Anchor
was wiped out after the company filed for bankruptcy ...
Related newspaper, magazine, and journal articles:
|
|
Article: Statement by Cerberus Capital Management.
Science Letter;
May 12, 2009 ;
664 words
...Cerberus Capital Management, L.P. ("Cerberus ... Officer and General Counsel (see also Cerberus Capital Management, L.P.). "Cerberus ... successful outcome." Keywords: Cerberus Capital Management, L.P., Cerberus ...
|
|