Private equity firms are increasingly being hit with WARN Act claims. These claims arise when a company terminates or layoffs off a large number of its employees without first issuing a statutorily prescribed notice. Thereafter, the employees sue the company’s owners, active investors and possibly its lenders seeking recovery of statutory damages.
The American Board of Certification of Bankruptcy and Creditors’ Rights Attorneys (ABC) held its annual meeting in December at the Arizona Biltmore in Phoenix, Arizona.
