The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. Photo: Richard Drew/Bloomberg Second Circuit Says Disney Not Obligated to Pay Severance Under Its Definition of 'Layoff'
U.S. Circuit Judge Susan L. Carney's opinion affirmed a district court decision that found the terms of Disney's severance plan didn't guarantee coverage in the case of a worker who was terminated in 2018 after health issues including a stroke left her unable to work.
February 16, 2022 at 06:17 PM
3 minute read
The U.S. Second Circuit Court of Appeals is upholding a decision not to require the Walt Disney Co. to pay severance benefits for a disabled former employee, finding the company's definition of "layoff" was ambiguous enough to allow for it to withhold those payments.
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