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MF Global trustees ask judge to dismiss improper termination lawsuit

The bankrupt firm allegedly fired more than 1,000 employees with no advance notice and no severance pay

Trustees responsible for liquidating bankrupt broker-dealer MF Global asked a judge to dismiss a lawsuit over the firm’s purportedly improper firing of employees.

The workers claim that MF Global violated the Worker Adjustment and Retraining Notification (WARN) Act by firing 1,066 workers without giving them 60 days’ advance written notice. Several of the disgruntled employees sued the brokerage in November 2011, seeking 60 days of wages and benefits.

Alanna Byrne

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