A2: Borders Group

Bloomberg News reports that Jared Pinsker, a former employee at the Borders Group headquarters in Ann Arbor, has filed a potential class-action lawsuit against Borders “alleging that employees at the head office were fired in July and August without 60 days’ notice required by federal law. If the workers have a valid claim, it may represent an expense of the Chapter 11 case that must be paid in full before there can be confirmation of a liquidating Chapter 11 plan.” The article provides other updates in the firm’s bankruptcy. [Source]