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How Solvent Companies Leverage Bankruptcy to Resolve Lawsuits—And Why

Chief Executive

The answer is becoming increasingly common as mass-tort litigation spirals out of control in the U.S.: Soon 3M faced more than 230,000 claims by service members claiming permanent hearing loss, representing billions of dollars in potential liability over a product that generated less than $50 million in military revenue over its lifetime.

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Everything You Need to Know About Wage and Hour Lawsuits

Zenefits

A wage and hour lawsuit is a claim filed in a court of law, by an employee (current or former) alleging that their employer violated their wage and hour rights. For FLSA claims, the employee can file a complaint with the U.S. Do not rush to inform employees or media outlets about the litigation. instead of going through the WHD.

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Delaware Court Decision Means Greater Scrutiny Of Directors Granting CEO Equity Awards

Chief Executive

The court declined to dismiss the plaintiff’s fiduciary claims (as well as certain contractual claims) against the directors who approved the awards; against the other directors (who did not approve the awards); and against the CEO who received the award.” . Seek advice on D&O insurance coverage.

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How to Know Which Insurance Policies Cover HR Claims

Zenefits

Insurance policies can protect against expensive HR claims. Sexual harassment claims. These claims range in cost but can amount to millions of dollars. Liability insurance can help reduce the financial burden in case of a claim. But how common are these types of claims? What insurance policies cover HR claims?

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How to Handle an EEOC Investigation

Zenefits

The employer is under an imposed “litigation hold” as soon as they know about the charge. In addition to honoring the litigation hold on documents, experts strongly recommend that employers under investigation “document everything” because documentation can be crucial in supplying an employer defense.

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Purchasing Protection For Your Reps And Warranties

Chief Executive

If the assertions prove to be false, the warranty is considered breached and the buyer can make a claim against the seller’s indemnity and any money held in escrow. A warranty is the seller’s assurance that the representations are true, which is backed up by a promise of indemnity. As Lessman puts it, “There’s no bad blood.”.

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5 Common HR Compliance Mistakes for Startups and How to Avoid Them

Zenefits

HR compliance errors can be detrimental to a startup in several ways: Substantial litigation costs if the startup is not in compliance with federal and state labor laws or fails to ensure data security and privacy. Just use the same screening criteria for all applicants to avoid potential discrimination claims. Automate payroll.