BALTIMORE – Performance Food Group, Inc. (PFG), a national marketer and distributor of national and proprietary-branded food and food-related products, will pay $5,075,000 in monetary relief and furnish significant equitable relief to settle a federal nationwide sex discrimination lawsuit, the U.S. Equal Employment Opportunity Commission (EEOC) announced today.
Who are the members of the PFG settlement class?
In November 2015, the court granted final approval to a $44.5 million settlement with U.S. Bank. As part of that order, the court directed that notice go out to the members of the settlement class: all persons or entities who held money, property, and/or securities pursuant to 7 U.S.C. § 6d (a) (2) at PFG as of July 10, 2012.
What is A PFG best claim?
The Trustee is aware that certain former customers of Peregrine Financial Group, Inc. d/b/a PFG Best (“ PFG ”) that hold an allowed futures customer claim (a “ Claim ”) have not received one or more distributions on account their Claim.
What was the settlement for peregrine case?
Gibbs Law Group LLP and co-counsel have helped deliver settlements worth more than $75 million on behalf of former customers of Peregrine Financial Group, Inc., in litigation against U.S. Bank, N.A., and JPMorgan Chase Bank, N.A., arising from Peregrine’s collapse in July 2012.
How many locations does PFG deliver to?
Delivering fresh food around the nation. PFG has nearly 25,000 associates working in more than 100 locations nationwide to deliver more than 200,000 national and branded food products to more than 200,000 customer locations. With one of the nation’s largest truck fleets we have logged more than 156,000,000 miles.
Who is considered a PFG?
all persons or entities who held money, property, and/or securities pursu ant to 7 U.S.C. § 6d (a) (2) at PFG as of July 10, 2012.
What is JPMorgan settlement?
The class definition for the JPMorgan settlement covered “all persons who currently maintain or formerly maintained commodity futures or option accounts at PFG or who are current or former PFG customers with accounts opened for the purpose of trading futures or options on futures on a U. S. futures exchange under section 4d of the Commodity Exchange Act, 7 U.S.C. § 1, et seq., and 17 C.F.R. § 1.20.”
Who was Peregrine's former owner?
In July 2012, Peregrine’s former owner, Russell Wasendorf Sr., attempted suicide in the parking lot of the company’s Iowa offices and left a note admitting that he had stolen millions of dollars in customer funds over the course of two decades. Peregrine quickly declared bankruptcy and the Commodity Futures Trading Commission froze all customer accounts. In the aftermath, customers learned that approximately $200 million was missing.
Does Peregrine bankruptcy pay out if you are excluded?
Class members with allowed claim in the Peregrine bankruptcy case automatically received payment unless they excluded themselves. Class members without an allowed claim were required to submit a claim form, the deadline for which has now passed.
What was the case in PFG v. Bodenstein?
Bodenstein, a group of former Forex and Metals customers sought the return of funds held by PFG at the time of its bankruptcy on the grounds that Forex and Metals contracts were “commodity contracts” within the meaning of the Bankruptcy Code. Therefore, the plaintiffs argued, their claims were entitled to the same priority afforded to futures customers. The Secure Leverage claimants also asserted that PFG held the funds they deposited for Forex and Metals trading in trust, such that those funds are not part of the bankruptcy estate. Judge Carol A. Doyle of the Bankruptcy Court rejected both theories and, on appeal, U.S. District Judge John J. Tharp Jr. agreed, endorsing the Bankruptcy Court’s rationale and affirming its judgment in favor of the Trustee.
Who is the trustee of Peregrine Financial Group?
On August 7, 2017, the United States Court of Appeals for the Seventh Circuit affirmed rulings by the United States District Court and the United States Bankruptcy Court in favor of Ira Bodenstein, chapter 7 trustee of the Peregrine Financial Group, Inc. (“PFG”) bankruptcy estate, relating to the treatment of claims by customers who held accounts ...
Dive Brief
Performance Food Group agreed to pay more than $5 million to settle a class action lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC) alleging that since 2004 it failed to hire women, the agency announced Dec. 16.
Dive Insight
Title VII of the Civil Rights Act of 1964 forbids employers from discriminating on the basis of gender in several aspects of employment such as hiring, promoting and firing on the basis of gender.
When did Peregrine Financial Group file suit?
We filed suit against Peregrine Financial Group, Inc., d/b/a PFGBest (“PFGBest”) on July 10, 2012, to recover 60 days wages and benefits for former employees of PFGBest under the Worker Adjustment and Retraining Notification (“WARN”) Act. We contend PFGBest ordered mass layoffs at the company’s facilities in Chicago, Illinois and Cedar Falls, Iowa on or about July 9, 2012, and within 30 days of that date, without providing the employees 60 days advance written notice. The case is pending in the U.S. District Court for the Northern District of Illinois.
When did the WARN suit go to bankruptcy?
On July 11, 2012, we transferred the WARN suit to the bankruptcy court. On February 20, 2013, the case was certified as a class action and notice of the case was mailed to the members of the class on March 25, 2013. On December 19, 2019, the Bankruptcy Court granted final approval of a settlement on behalf of the former PFGBest employees.
What is PFG in foodservice?
PFG is the parent company to Performance Foodservice, Vistar and PFG Customized . Each division meets the needs of a unique group of customers and continues to evolve as the industry grows and changes. As a group, we can meet almost any foodservice need, spanning independent restaurants, national chains, vending, concessions, and more.
When was Performance Food Group founded?
Performance Food Group was born in 1987. Today we have three divisions— Performance Foodservice, Vistar and PFG Customized —each of which focuses on delivering delicious food and excelling at customer service.
How many food products does Performance Food Group deliver?
Performance Food Group delivers more than 150,000 food and related products to customers across the United States, but that’s not all. We build lasting relationships with our customers, doing everything we can to ensure success.
