FREMONT (CBS / AP) — Bankrupt solar company Solyndra has agreed to pay $3.5 million to settle accusations that it failed to properly notify employees they would losing their jobs.
The settlement comes after the Fremont-based company laid off most of its nearly 1,000 employees days before filing for bankruptcy protection last year.READ MORE: UPDATE: State Attorney General Opens Civil Rights Investigation into Santa Clara County Sheriff's Office
The employees sued, arguing that they should have received a notice of at least 60 days before the mass layoffs.READ MORE: As 49ers and Packers Face Off in the Playoffs, Rodgers Snub Comes Up Again
Solyndra, a company that had manufactured solar panels, was the recipient of a $528 million federal loan under the 2009 stimulus law. The company filed for bankruptcy in September 2011.
Papers outlining the settlement with the former employees were filed in U.S. Bankruptcy Court in Wilmington, Delaware on Friday.MORE NEWS: Man Stabbed In San Francisco Bayview District
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