Unvested RSU future?

Discussion in 'Akorn' started by anonymous, Dec 21, 2019 at 6:18 PM.

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  1. anonymous

    anonymous Guest

    Any thought on what happens to unvested RSU just in case chapter 11 is a possibility?
     

  2. anonymous

    anonymous Guest

    If they go Bankrupt, you will probably lose everything; Unvested RSU’s, PTO and the only severance would be 60 days max under the WARN ACT.
     
  3. anonymous

    anonymous Guest

    One court case ruled that if layoffs occurred after bankruptcy notification, the company did not have to pay under the WARN ACT. Another Court case ruled that if layoffs occur before Chapter 11, employees laid off will get 60 days severance.