First NLC former employees sue for 60 days of back pay

By Caroline Salls

Pittsburgh, Feb. 7 - Former employees of First NLC Financial Services, LLC filed a class-action lawsuit, accusing the company of violating employee rights and labor laws when it terminated the workers without the required minimum 60-day advance notice, according to a Thursday filing with the U.S. Bankruptcy Court for the Southern District of Florida.

According to court documents, the plaintiffs want back pay for the 60-day period as well as contributions of employee benefits under the Employee Retirement Income Security Act.

The class-action plaintiffs said they were terminated without cause on Nov. 30 and Jan. 11.

Since the plaintiffs are seeking damages from the period of time after the company filed for bankruptcy, they said their claim should count as administrative priority.

There are 200 former employees in the class, the plaintiffs said in the filing.

First NLC, Friedman, Billings, Ramsey Group, Inc.'s mortgage origination subsidiary, filed for bankruptcy on Jan. 18. Its Chapter 11 case number is 08-10632.

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