General World News

Ex-employees sue FGMC for discrimination, retaliation

Three former employees are suing First Guaranty Mortgage Corporation (FGMC) and financial backer Pacific Investment Management Company (PIMCO), alleging they were discriminated against on the basis of their gender and then retaliated against for complaining. 

Lynley VanSingel, Melanie Meyer, and Jessie Palmer filed the lawsuit against FGMC and PIMCO in the Eastern District of Texas U.S. District Court on Thursday, June 23, a day before PIMCO-backed FGMC eliminated nearly 80% of its employees and began to shut down. FGMC filed for Chapter 11 bankruptcy protection in Delaware on Thursday, June details ⇒

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