A federal appeals court has rebuffed an attempt by fired National Finance Corporation workers to hold Bear Stearns liable for not giving them advance written notice of their impending terminations.
In Coppola v. Bear Stearns, 05-6440-cv, the 2nd U.S. Circuit Court of Appeals said creditors may exercise “very substantial” control in an effort to stabilize a debtor without incurring liability.
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