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To embed, copy and paste the code into your website or blog: Another source of litigation risk for fund sponsors are claims brought by portfolio company employees.  Sponsors should be aware of these risks, particularly when the portfolio company is in distress or is considering a sale or other transaction affecting the disposition of shares in the company.  We have set forth below just a few examples of litigation that can be brought against the fund, sponsor, and board designees by portfolio company employees, likely triggering at least indemnity considerations (which need to be evaluated ...

Here are a few examples of litigation that can be brought against the fund, sponsor, and board designees by portfolio company employees, likely triggering at least indemnity considerations, and might affect value of the portfolio company and the value of the fund’s assets.

Advertisement The Eleventh Circuit Could Tackle Whether COVID-19 is a Disaster for WARN Purposes with Companies Facing Continued Layoffs Friday, March 5, 2021 While COVID-19 may have hit the business community like a hurricane, whether the pandemic, in fact, qualifies for a natural disaster exception under the federal law requiring businesses to warn employees of impending layoffs, remains an open question. This February, a federal judge paved the way for the Eleventh Circuit to weigh in on whether a class action can proceed against an employer who was forced to lay off employees du...

GOP Majority Leader Mitch McConnell | J. Scott Applewhite/AP WASHINGTON—Kentucky Sen. Mitch McConnell’s ban on lawsuits through 2024 against firms that don’t protect workers and consumers from the coronavirus is even worse than advertised, the National Council on Occupational Safety and Health reports, and an inspection of the measure’s underlying text confirms. The GOP Majority Leader’s bill is actually S4317, introduced July 27 by Sen. John Cornyn, R-Texas. McConnell is the top co-sponsor. It bans not just lawsuits involving company exposure of workers and customers to the virus, ...

Make matters worse. secondly, can i say for the researchers -- can i read you the opening is? it says here obama re-election triggers massive layoffs in america. massive. >> dana: that is a headline. >> bob: "massive" machines hundreds of -- means hundreds of thousands or millions. how many have been really laid off? >> dana: if you are in utah and 204 people announced cut from job, for little town a lot of people. it feels massive. one of the defense were going to put out layoff notices but they didn't because the white house asked them not to. some think was violation of warn act. i feel lik...