Lauren Leyden Discusses Labor and Employment Pitfalls for PE Firms
Lauren Leyden, counsel in Akin Gump’s labor and employment practice, is quoted in the Law360 article “5 Labor Land Mines For PE Deal-Makers To Avoid.” For those private equity firms looking to steer clear of potential labor and employment risks when acquiring a company, Leyden suggests one of the “very first calls should be to competent labor and employment counsel.”
The issue of whether a private equity firm faces greater exposure than a single investor makes it “so important,” Leyden adds, “to really think about the labor strategy.” When a unionized workforce is involved, she advises PE firms not to initiate any contact with a union, even if it seems like a logical step as part of a potential deal. While not every contact with a target’s union will put a buyer at risk, Leyden says it is difficult to know exactly what might cross the line, so that it’s safer to get advice from a labor lawyer.
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