Insight on Labor & Employment Developments for Connecticut Businesses
A quick update on the Mortgage Lenders Network matter I’ve covered a few times before (here and here.)
Earlier this month, a Delaware bankruptcy court approved of a $2.7 million settlement of a class-action lawsuit filed on behalf of more than 1600 employees, many of whom worked in Connecticut.
The settlement, first reported…
As state legislators go forward with a hearing today on the AIG issues (you can view the hearing on CT-N, here), one of the recurring themes suggested in various newspapers articles and by state leaders is that there were lots of ways that the employer could have avoided paying these retention payments.
Perhaps.
But suppose…
A few months ago, I posted on the unpaid wage prosecution claim of Mortgage Lenders Network. The Hartford Courant reports today on a partial settlement between MLN and the state banking authorities.
Mortgage Lenders Network, which filed for bankruptcy in February and laid off 1,800 workers, has reached settlements with banking regulators in Connecticut and
…
The Hartford Courant has a lengthy piece today about the rise and fall of the Mortgage Lenders Network. From an employment perspective, the piece recounts how the Connecticut Department of Labor came across one of the largest cases in the state of a company failing to pay wages, at least $1.5 million.
Gary Pechie,
…
