Atmel Workers Revive Severance Suit Against Microchip Producer

The Ninth Circuit granted more than 200 laid-off employees from a company acquired by Microchip Technology Inc. another chance to pursue remedies for receiving reduced severance payments.

An appellate panel reversed and remanded a 2023 decision from the US District Court for the Northern District of California Thursday. The panel found in favor of the plaintiff’s argument that “there is evidence that the defendant potentially breached its fiduciary duty” by obtaining agreements releasing Employment Retirement Income Security Act ...