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May 28, 2019 News

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.