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Single Employer Liability for Investors and Lenders: A WARN-ing from the Delaware Bankruptcy Court
6 September 2011
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In a recent opinion, the Delaware Bankruptcy Court held that a debtor’s indirect owner and lender was liable with the debtor as a “single employer” for violations of the federal WARN Act.
The decision serves as an important reminder to investors and lenders of their potential exposure to WARN Act liability and the risks they face when becoming involved in a company's decision to terminate employees or close down facilities.
Steven R. Gross
Richard F. Hahn
George E.B. Maguire
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UK Modern Slavery Act Transparency Statement
Debevoise Women's Review