In re First Magnus Fin. Corp.

Ruling: 
Creditors under Worker Adjustment and Retraining Notification Act (WARN) not entitled to administrative expense claims.
Procedural posture: 
Claimants, former employees of a debtor, sought to recover as a priority administrative expense under 11 U.S.C.S. § 503(b)(1)(A)(ii) wages for pre-petition services and attorneys'fees as damages pursuant to the Worker Adjustment and Retraining Notification (WARN) Act, 29 U.S.C.S. § 2101 et seq. The debtor and the Official Committee of Unsecured Creditors opposed the motion.
Issue: 
ABI Membership is required to access the full summary of In re First Magnus Fin. Corp.. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on June 20,2008, LexisNexis #0708-115