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NEW In-House Counsel | Insurance | Intellectual Property | Immigration | Natural Resources | Real Estate | Tax

Last rights

Thursday, March 19, 2015 @ 8:00 PM | By Alison McEwen

By now we have all heard about Target’s less than successful venture into the Canadian market. For some, the closing of Target stores in Canada, so soon after their trumpeted opening, also means the loss of their employment.

Target has filed for creditor protection, and is planning on closing all 133 of its stores in Canada. It has announced the creation of a $70 million trust, allegedly to be used for severance for employees. Some employees will be receiving pay in lieu of notice, while others...