A Warning On WARN Act Exposure For Equity Investors

Law360, New York (December 18, 2013, 8:31 PM ET) -- On Dec. 10, 2013, the U.S. Court of Appeals for the Second Circuit issued an opinion in Guippone v. BH S&B Holdings LLC[1] that should serve as a warning to equity investors whose subsidiaries do not close a plant or lay off workers in compliance with the Worker Adjustment Retraining and Notification Act.[2] In certain circumstances a parent company and its subsidiary may be considered a single employer under the WARN Act. Thus, a private equity sponsor or holding company could become ensnared in its operating...
To view the full article, register now.

Dewey Verdict Watch

Follow our exclusive coverage of the trial of the year:

Click here for the latest