T.H. Lee $1 Million for Workers Called ‘Grossly Inadequate’

T.H. Lee $1 Million for Workers Called ‘Grossly Inadequate’

"The financial challenges faced by Art Van employees now are severe," they said in the letter, which was reviewed by Bloomberg News.. "Compared to the acute hardship facing Art Van employees, THL is in a position to make a real difference to these and all former employees," they said.. Thomas H. Lee bought Art Van in 2017 from founder Art Van Elslander for $612.5 million.. Art Van filed for bankruptcy in March, telling workers they would have 90 days of coverage as it slowly sold off its stores.. The firm's offer is an "insult" to the workers, Smith said.. In an April email to Bloomberg, Tlaib called for the firm to provide the coverage the workers expected..