Why the Investment Community Should Care About the National Labor Relations Board’s New Joint-Employer Test
February 9, 2016
Join Us for a Roundtable Presentation
Why the Investment Community Should Care About the National Labor Relations Board’s New Joint-Employer Test
Tuesday, February 9, 2016
8:30 – 9:30 a.m.
Breakfast will be served.
Hunton & Williams LLP
2200 Pennsylvania Avenue, NW
Washington, DC 20037
Who Should Attend: Private equity firms, REITs, real estate developers, building owners, or others in the investment space who own or invest in portfolio companies that employ workers in the United States or use outsourced service providers such as cleaning, security, property servicing, etc.
Why You Should Care: The National Relations Labor Board recently overturned a decades-old precedent, greatly expanding the definition of “joint employer.” The Board’s greatly expanded test may create liability for investment companies where it did not formerly exist, potentially ensnaring them in the union organizing and collective bargaining obligations of portfolio assets, saddling them with litigation and other financial liabilities, and reducing their business flexibility. The new standard could also impact other employment statutes as well as the enforcement efforts of other federal agencies. We will discuss how clients can take steps to avoid or mitigate the impact of the Board’s new standard.
Our presenters will include Ronald Meisburg, longtime management labor lawyer and the former General Counsel of the NLRB under Presidents Bush and Obama.