American Car Center WARN Act Violation
On or around February 24, 2023, American Car Center told employees the business was closing its doors, one day after pulling a $222 million bond sale from the market. Reportedly, the used car retailer sent an email to employees informing them the company was ceasing all operations, closing its headquarters in Memphis, Tennessee, and that all employees would be terminated by the end of the business day. The headquarters employs roughly 288 people. Allegedly, this closure email came a day after the company had sent another message to staff stating management and advisor had been working with lenders in efforts to improve liquidity and continue operations.
American Car Center is a used car retailer that targets consumers regardless of their credit history. ACC is owned byYork Capital Management LLC and has more than 40 dealerships across 10 states.
If you received an email, or have had your employment terminated or affected, fill out the form below to take action.
Shub Law is investigating whether American Car Center violated the federal Workers Adjustment and Retraining Notification Act (“WARN Act”). The WARN Act requires certain employers to provide 60 calendar-day advance notice of plant closings and mass layoffs of employees. A covered employer’s failure to provide the required 60-day notice of a mass layoff under the WARN Act can result in an employer being obligated to pay back pay and benefits for each day of the violation.
If you feel you have been affected by this WARN Act violation, please fill out the above form to take action.