“It’s not clear exactly what transpired legally and financially regarding Schletter’s factory in Shelby over the course of the U.S. subsidiary’s Chapter 11 bankruptcy, the loose ends of which are still being tied up. And despite promises that new capital might save the factory, according to local press the Shelby plant stopped operations in … [Read more…]
“German mounting system manufacturer Schletter Group, which has been undergoing insolvency proceedings since March, is being taken over by Frankfurt, Germany based investment company Golden Square Capital. The current management remains involved with a minority stake. Golden Square Capital is backed by New York-based Avenue Capital Group, a private equity firm and hedge fund. … [Read more…]
“As we have explored before, a common scam known as “W-2 phishing” can put companies in the crosshairs for data-breach lawsuits brought by their employees. In honor of Tax Day, today’s post examines an interesting recent decision from a North Carolina federal court in one of these cases. In that decision, called Curry v. … [Read more…]