Civil Litigation,
Corporate,
Alternative Dispute Resolution
Sep. 22, 2017
Truth or consequences (180 million of them)
Tell the truth or face the consequences. For Foot Locker Retail Inc., the consequences are to pay employees $180 million. That’s a heck of a big cost for learning that when the news is bad, say it.
Tell the truth or face the consequences. For Foot Locker Retail Inc., the consequences are to pay employees $180 million. Osberg v. Foot Locker, 862 F. 3d 198 (2d. Cir, July 6, 2017). That’s a heck of a big cost for learning that when the news is bad, say it. Don’t hide it.
In the mid-1990s, Foot Locker was in trouble. Its share price had plummeted from about $30 to about $11; its revenue was following sui...
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