So why haven’t these cases settled? Trials are public and verdicts garner headlines. What makes Conagra willing to risk the reputation of its market-leading PAM cooking spray devolving into the Ford Pinto of food products?
Read more at Reuters
The lawsuits say that an employer runs afoul of the Employee Retirement Income Security Act when it exercises discretion over these forfeitures to benefit itself over workers. According to the lawsuits, the companies used forfeitures to reduce the money they’d otherwise have to contribute to their plans, instead of using it to reduce the administrative expenses borne by workers.
Read more at Bloomberg Law
WeWork’s Chapter 11 filing adds to a growing list of venture-capital favorites that have gone bankrupt, giving investment firms a fresh reason to more thoroughly vet companies before pouring money into them.
Read more at Bloomberg Law
