On July 10, 2020, a New York State Supreme Court Judge issued a surprising decision finding that not only did a private arbitration agreement not bar a plaintiff’s court complaint, but that a company policy amended the parties’ previously executed employment agreement. The decision, Newton v. LVMH Moet Hennessy Louis Vuitton Inc., Index No.
employment agreements
Even More Reason for Manufacturers to Update Their Employment Agreements
By Robinson+Cole's Manufacturing Industry Group on
In an increasingly competitive landscape, a manufacturer’s significant employees may hold the “keys to the kingdom.” Loss of such a worker to a competitor could have a substantial impact on future business growth. Many manufacturers invest significant resources to keep key employees and, by doing so, preserve their market advantage. Strategic use of employment agreements,…