A lawsuit has been filed and is seeking class action status against the discount real estate brokerage for allegedly firing employees without sufficient warning. The lawsuit was filed in Federal Court in Trenton, NJ and claims Foxtons laid off 350 of its 380 workers in late September without 60 days notice as required by the Federal WARN Act.
Founded in 1999 as YHD Realty, Foxtons offered commissions ranging from 2 to 4 percent, compared with the traditional 5 percent or 6 percent charged by most real estate agents. In recently filing for bankruptcy protection, Foxtons listed its liabilities at $40.9 million and assets at only $487,757.
If you feel you should be included in this possible class action case, please contact David Krenkel of [Krenkel Law Firm]
