The High Price Of Disloyalty In New York

30 November 2015
Employers in New York state, among them many financial sponsors and their portfolio companies, have an extraordinarily powerful legal weapon at their disposal to wield against employees found to have engaged in disloyal conduct. Under the venerable, but not widely appreciated, “faithless servant” doctrine, a disloyal employee in New York may be required to disgorge compensation during the period of disloyalty.