More than a year after hundreds of journalists were suddenly left jobless and without severance pay when the troubled digital media startup The Messenger crashed and burned, the owners of the defunct site have settled the class action lawsuit brought by the laid-off employees for $4.5 million.
The settlement, which is still contingent upon a separate bankruptcy liquidation case in a Delaware court, brings to an end a contentious legal fight between the nearly 300 former employees of The Messenger and Jimmy Finkelstein, the media mogul who launched the ambitious news outlet in 2023 with $50 million of financial backing only to see it collapse within eight months.
