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Peregrine Financial Group WARN class action. View of the first floor front face of building with word BANK presented in raised white lettering. There is also a black sign extending perpendicular from the building with the word BANK printed in white lettering. Beside the bank, an attached building has scaffolding in front of it.

Peregrine Financial Group Inc d/b/a PFGBest – $1.85 Million Settlement, UPDATE 02/07/2020

SETTLEMENT APPROVED

We filed suit against Peregrine Financial Group, Inc., d/b/a PFGBest (“PFGBest”) on July 10, 2012.  We sought to recover 60 days wages and benefits for former employees of PFGBest under the Worker Adjustment and Retraining Notification (“WARN”) Act. We contended PFGBest ordered mass layoffs at the company’s facilities in Chicago, Illinois and Cedar Falls, Iowa on or about July 9, 2012, and within 30 days of that date, without providing the employees 60 days advance written notice. The case is pending in the U.S. District Court for the Northern District of Illinois.

On July 10, 2012, PFGBest filed for chapter 7 bankruptcy protection.  They did so in the United States Bankruptcy Court for the Northern District of Illinois.  Subsequently, on July 11, 2012, we transferred the WARN suit to the bankruptcy court.

On February 20, 2013, the case was certified as a class action and notice of the case was mailed to the members of the class on March 25, 2013.

The Bankruptcy Court granted final approval on December 19, 2019, of a settlement on behalf of the former PFGBest employees.

On February 6, 2020, settlement checks, less class counsel’s fees, expenses, a service payment, and applicable withholding, were mailed to class members’ last known addresses. Class members had 90 days from mailing to cash their checks.  Uncashed funds reverted to the PFGBest estate to pay other creditors’ claims. 

WARN ACT

Raisner Roupinian LLP will provide you with information regarding your rights in this WARN class action.  The federal WARN Act requires companies with 100+ full-time employees to provide them with 60 days’ written notice in advance of a mass layoff or plant closing. Notably, certain states also have WARN Acts.

Without the required notice, an employer may be liable for 60 days’ wages and benefits to each affected employee.

CONTACT US

Please contact Raisner Roupinian LLP with any questions regarding this matter.  Or, to update your address, email address, and/or telephone number.

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