UPDATE 03/18/2024
Recently, the Bankruptcy Court converted Debtors’ case from chapter 11 to chapter 7 to conserve estate resources pending the outcome of certain litigation between TCB and Ginnie Mae that may generate sufficient funds to pay RMIT creditor claims, including employee WARN claims. Accordingly, the WARN class action litigation is stayed pending the outcome of the TCB/Ginnie Mae litigation.
UPDATE 12/05/2022
Raisner Roupinian LLP filed a class action suit on December 4, 2022, against Reverse Mortgage Investment Trust Inc., Reverse Mortgage Funding LLC, RMIT Cash Management LLC, RMIT Operating I LLC, and RMIT Operating II LLC (collectively “the Debtors”) seeking to recover 60 days’ wages and benefits for terminated employees under the Worker Adjustment and Retraining Notification (WARN) Act, California Labor Code, the New York WARN Act, and the New Jersey Millville Dallas Airmotive Plant Job Loss Notification Act (the New Jersey WARN Act).
We contend the Debtors ordered mass layoffs in California, New Jersey, and New York, on or about November 29, 2022, without providing 60 days’ written notice as required by the federal, California, New Jersey, and New York WARN Acts. The case is pending in the United States Bankruptcy Court for the District of Delaware.
WARN ACT – CONTACT US
If this mass layoff affected you, Raisner Roupinian LLP can provide you with updated information regarding your rights in this case. Generally, the WARN Act requires companies to provide their employees with 60 days’ written notice in advance of a mass layoff or plant closing. In the absence of such notice, employers may be liable to each affected employee for 60 days’ wages and benefits.
If you have any questions regarding this matter or to update your address, email address, and/or telephone number, please contact us.