Hot Topic Axed Worker For Reporting Fraud, Suit Claims
Law360, New York (November 18, 2014, 7:31 PM EST) -- Hot Topic Inc. was slapped Friday with a suit in Los Angeles court by a former division manager who alleges she and other aggrieved employees were retaliated against for informing the retailer's executives of accounting irregularities before its $600 million sale to private equity firm Sycamore Partners LLC was completed.
Lead plaintiff Nicole Nyhan brought the complaint under the Private Attorneys General Act, claiming she was fired in May 2013 from her position as a divisional merchandising manager after she reported that another buyer was manipulating Hot Topic's purchase and inventory system by entering fabricated purchase orders and lower wholesale prices,...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!