Emporium to pay worker claims.Byline: Edward Edward killed his father at his mother’s instigation. [Br. Balladry: Edward in Benét, 302] See : Patricide Russo The Register-Guard A year after going bankrupt BANKRUPT. A person who has done, or suffered some act to be done, which is by law declared an act of bankruptcy; in such case he may be declared a bankrupt. 2. It is proper to notice that there is much difference between a bankrupt and an insolvent. , Emporium has started to settle accounts with some of its former employees. In recent weeks, about half of a group of 150 former employees have accepted the firm's offers to settle severance pay Severance Pay Compensation that an employer gives to someone who is about to lose their job. Notes: Severance pay is not always paid to employees. It depends on the situation in which the employee is losing their job and whether legislation requires severance to be paid. claims rather than continue to fight with the company in U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. . Partial payments to the former workers who accepted the severance The act of dividing, or the state of being divided. The term severance has unique meanings in different branches of the law. Courts use the term in both civil and criminal litigation in two ways: first, when dividing a lawsuit into two or more parts, and second, when offer are being mailed this week, said Alan Smith For other persons named Alan Smith, see Alan Smith (disambiguation). Alan Smith (born 28 October 1980 in Rothwell, Leeds, West Yorkshire) is an English professional football player. , a Seattle attorney for Emporium's bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most estate. Emporium was a Eugene-based department store chain that declared bankruptcy on Dec. 13, 2002, and closed its stores by May. Also, in a separate settlement that U.S. Bankruptcy Judge Albert Radcliffe in Eugene has yet to approve, dozens of employees are to receive partial payments on their claim that Emporium broke federal law by not giving them enough warning that they would lose their jobs. Totals of how much Emporium's bankrutpcy estate will pay on the severance and notification claims are not yet available. Employees who rejected the severance offer and are still seeking their original claims will present their case to Radcliffe on Jan. 13. More than 1,000 people lost their jobs in Emporium's collapse. Under Emporium's policy, only salaried employees, not hourly employees, are eligible for severance. Generally, salaried employees with few years have accepted the firm's offers, said Smith. Long-time employees, with larger claims, generally didn't, he said. Ralph Matteson, a 13-year employee, for example, is seeking $10,625, arguing that the firm had long granted one week of severance pay for every year worked. Emporium asserts that severance should be based on a less generous policy that it started two years ago. Under that policy, Emporium offered Matteson up to $6,563. In rejecting the offer, Matteson and other former workers will be in Bankruptcy Court next month asking for larger severance payouts. They may prevail, but they also run the risk of getting less or nothing. In the other settlement, 83 employees are to get more than half of what they sought in pay and benefits from their claim that Emporium failed to give them enough warning that they would lose their jobs at the firm's Eugene corporate headquarters. The employees sought two months back wages and benefits under the federal Worker Adjustment and Retraining re·train tr. & intr.v. re·trained, re·train·ing, re·trains To train or undergo training again. re·train Notification law, or WARN. The law requires large employers to give employees at least 60 days notice before making big job cuts. Emporium's attorneys asserted the firm could not have met the 60-day requirement because, at that time, it was seeking money to stay in business. If Radcliffe approves the settlement, the former workers will get 60 percent of their claims, said their attorney Stuart Miller of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Miller said the former employees accepted the partial payoff instead of running the risk of getting less or nothing after a court hearing. |
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