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Key Considerations for Officers and Directors of Distressed Companies | K&L Gates LLP
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Herman Miller completes acquisition of Knoll, unveils new name
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Fourth Circuit Provides Guidance On How To Count Affected Employees Under WARN Act | Jackson Lewis P C
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Friday, July 16, 2021
A federal contractor that could not secure extended financing and suddenly laid off its workers when it could not make payroll was not a covered “employer” under the Worker Adjustment and Retraining Notification Act (WARN Act), the U.S. Court of Appeals for the Fourth Circuit has held.
The Fourth Circuit has jurisdiction over Maryland, North Carolina, South Carolina, Virginia, and West Virginia.
The Facts
Virginia-based FCI Enterprises, LLC, was a government contractor that provided financial, management, engineering, cybersecurity, and IT solutions and services. Many FCI employees worked on-site at various federal locations throughout the United States. When FCI was unable to negotiate an extension on a $10 million loan on the Thursday evening before FCI was scheduled to fund its payroll, the lender took the remaining funds (about $1.8 million) from FCI’s accounts.
Smithfield Foods no longer will slaughter animals in Smithfield
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