News

April 25, 2019 News

Morrison Cohen’s Cross-Disciplinary Approach to Employment Law Considerations in Distressed Situations

April 25, 2019 – Morrison Cohen’s Bankruptcy & Restructuring Practice Group and its Employment Law Practice Group have worked together to fashion an interdisciplinary approach to distressed situations that recognizes that financially fatigued companies need more than just bankruptcy and restructuring expertise and employment law expertise, they need restructuring employment law expertise.

Morrison Cohen offers a suite of services for distressed companies – including stand-alone and portfolio companies – to address the liability of officers and directors for employee related claims and the duties owed by those controlling the organization to employees, critical employment and benefit plan issues, the interplay of various federal and state enforcement and employee protection regimes within the bankruptcy code, and the structuring of retention and incentive plans.

The attached Overview highlights the real-world experience Morrison Cohen attorneys have in the areas most likely to affect distressed companies.  Our attorneys can guide you through any employment issues, including:

•  Fiduciary Liability For Unpaid Wages, Vacation Pay, Severance, Expense Reimbursements
•  Handling Employee Compensation and Benefit Plans When a Company is in Distress
•  Interplay between Bankruptcy and Reductions in Force, WARN Act and EEOC issues; and
•  Key Employee Retention and Incentive Plans.

Click here for a pdf of “Morrison Cohen’s Cross-Disciplinary Approach to Employment Law Considerations in Distressed Situations