A “Going Out Of Business” sign hangs on display outside a Toys “R” Us retail store in Frederick, Maryland. (Photo: Andrew Harrer/Bloomberg)
A group of Toys “R” Us workers who lost their jobs as the company went bankrupt will get some of the estate's remaining cash to make up for severance pay that they were denied during the court case, according to representatives for the group.
Judge Keith L. Philips of the Eastern District of Virginia awarded $2 million to the workers, who were promised severance at the outset of the bankruptcy as part of a benefits plan that was later canceled as the restructuring unraveled.
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