Morrison Cohen’s Bankruptcy & Restructuring Practice Group and its Employment Law Practice Group Author Article on Distressed Companies Preparing for Employee Rights Realities
May 28, 2019 – Morrison Cohen's Bankruptcy & Restructuring Practice Group and its Employment Law Practice Group authored the article “INSIGHT: Distressed Companies Should Prepare for Employee Rights Realities” that appeared in the May 22, 2019 issue of Bloomberg Law.
Morrison Cohen lawyers 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. With employees' legal rights a paramount concern for companies in financial distress, the authors say companies should be aware of key employee issues and have representation that specializes in these issues.
The attached article covers the following areas of concern for distressed companies:
- Reductions in Force—WARN Act Exposure
- Employee Compensation and Benefit Plans
- Compensation Reductions
- Key Employee Retention and Bonus Plans
- Deferred Incentives
For a pdf of the article, please click here.
Related Practices
Our Bankruptcy, Restructuring & Governance Practice employs a multidisciplinary approach to distressed situations with a focus on proactive, creative, commercial and value-added effective solutions and strategies.
Our Labor & Employment Law lawyers counsel businesses of all sizes and levels of complexity in connection with their day-to-day employment concerns, focusing not only on the many federal, state and local laws and regulations that govern the workplace, but on each employer’s business and operational objectives. Our complete approach includes preventative measures, training, and representation in formal proceedings before federal and state courts and administrative agencies.
Our Executive Compensation & Employee Benefits Practice represents companies and individuals in virtually all aspects of the employment relationship and in a wide variety of industries. We provide strategic advice and offer creative, commercial solutions designed to achieve favorable outcomes for our clients.
