|
|
07 Nov 2008
A computer programmer, Miron Berenshteyn, who worked as a senior java developer at Lehman Brothers' data centre in Jersey City, filed a suit against the bank in a New York bankruptcy court this week on behalf of 100 former employees who lost their jobs during layoffs on September 9.
The suit seeks 60 days pay and benefits as well as severance pay of one week's wages for every year worked. If the class action is certified, it could include about 1,000 ex-employees and be worth more than $5m, according to Finextra.com.
Lawyers from Outten & Golden, representing Berenshteyn, claim Lehman breached the Worker Adjustment and Retraining Act, which requires 60 days advance notice in writing of a layoff, when Lehman stopped paying the staff before the 60 days were up. Lehman filed for bankruptcy on September 15.
The UK bank has reportedly been handing out pink slips to fixed income and IT support staff at Lehman's North American brokerage operations, beginning early last month. Up to 3,000 staff are expected lose their jobs by the end of the year.
Further reading:
Lehmans creditors' meeting set for 14 November
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment