Originally Posted by
BoilerUP
Except that such a thing would be a violation of the WARN Act, causing the Amigos to lose some of their cash via fine and/or class-action lawsuit, the latter of which is supported by recent case history.
Does the warn act apply to privately held companies? I thought that was just to protect shareholders and investors of publicly traded corporations? A privately held company can do what it wants to, without penalty , to a certain aspect,correct me if I'm wrong.Thx