A private equity (PE) firm’s primary objective is to generate returns on its investments. When a PE firm acquires a portfolio company (PortCo), one way the PE firm increases its returns is by making employment-related...more
11/27/2024
/ Acquisitions ,
ADEA ,
Compensation ,
Grandfathered Obligations ,
Incentives ,
Investment ,
Layoffs ,
Leadership ,
Liability ,
Outsourcing ,
Portfolio Companies ,
Pre-Employment Agreements ,
Private Equity Firms ,
Reorganizations ,
WARN Act
In Nunez v. Syncsort Incorporated, a Massachusetts court held that a retention bonus did not constitute not “wages” under the Massachusetts Wage Act (the “Wage Act”). The plaintiff-employee alleged that his former employer...more
10/4/2024
/ Compensation ,
Employee Retention ,
Federal Arbitration Act ,
Holiday Pay ,
Liquidated Damages ,
Mandatory Arbitration Clauses ,
Non-Compete Agreements ,
Preliminary Injunctions ,
Sexual Harassment ,
Title VII ,
Vacation Pay ,
Wage Act ,
Wages
Employer sues former traders for using an allegedly confidential trading strategy but loses bid for emergency injunctive relief.
On April 12, Jane Street Group LLC (“Jane Street”) sued two of its former traders and...more