Jottings By An Employer's Lawyer |
Sunday, July 25, 2004
Venture Capital Funds - Meet the WARN Act
Some of the factors to be considered in making this determination are (i) common ownership, (ii) common directors and/or officers, (iii) de facto exercise of control, (iv) unity of personnel policies emanating from a common source, and (v) the dependency of operations.And in the two cases which gave the green light to at least proceed, the most important factor seemed to be de facto exercise of control. Something which many entrepreneurs would be quick to agree is often vested with the VC's, particularly when it comes to pulling the plug.
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