Whether a sale of the business is imminent or not, companies should be thoughtful about how they classify employees. Litigation is distracting and expensive under all circumstances. And if you think a transaction is in your company’s future, it's even more important for you to understand how buyers think about employee misclassification issues and what they mean for the deal.
Battery Ventures, in conjunction with Goodwin Procter, presented this informative webinar aimed at educating portfolio companies on the appropriateness of independent contractor classifications as well as some of the common pitfalls and risks associated with making exempt versus nonexempt determinations.
Our experts explored these topics and provided practical ways to address issues such as:
- Recent experiences dealing with fallout from employee misclassification in the transactional context
- Why the volume of wage and hour litigation has increased dramatically over the last several years and what steps you can take to avoid related private class actions
- Liability issues for companies that overuse independent contractors and/or improperly classify employees
- Ways in which the federal and state authorities have begun to crack down on businesses that misclassify workers as independent contractors.
Lizette Pérez-Deisboeck, General Counsel, Battery Ventures
Jennifer Merrigan Fay, Partner, Goodwin Procter LLP
To view the webinar materials, please click here.
Click here to listen to an audio recording of the webinar.