Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
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Robert N. Holtzman, a partner at Kramer Levin Naftalis & Frankel, writes: "Distressed companies and their large investors are increasingly targeted by class actions alleging violations of the WARN Act. Only through careful advance planning can an employer best ensure that it satisfies its obligations under the act. Large equity and debt holders must take care to ensure that they are not perceived as having exercised de facto control over the employer such that they may be held liable under the WARN Act for its conduct."
July 27, 2009 at 12:00 AM
1 minute read
Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
Presented by BigVoodoo
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