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Dewey Sends Out WARN Letter
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Dewey has sent out a letter to all its employees telling them that the firm could close and so they should be prepared for the worst. The letter is meant to comply with the WARN Act, which stands for Worker Adjustment and Retraining Notification Act.  According to the act, companies with more than 100 employees have to give a 60-day notice period if the company is going to shut down.

 

But Dewey even after sending out the notice, is insisting that it does not mean the end of the firm is near and was instead doing this to comply with labor laws i.e. this was a just-in-case letter.

  
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The letter says, “Although we continue to pursue various avenues, it is possible that adverse developments could ultimately result in the closure of the firm, which would result in the termination of your employment.”

 

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Legal gossip site Above the Law has a copy of the email and the full notice that Dewey employees have received.

 



The letter was sent out at 5:27 p.m. EDT by Stephen J. Horvath, who is the firm’s executive partner. The timing of the email, Friday evening, seems to be to avoid the media scrutiny.

 

Dewey as of now is said to be essentially be under control from its lenders, with more rumors coming in that on Monday, a massive exodus of partners and associates could take place.

 



 

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