When Innovative Dental Group, LLC acquired the practice of a Chicago dentist in 2010, the terms of the acquisition called for the dentist to work as an employee of the new company for three years. In late February of 2012, the dentist’s employment was terminated. Allegations of wrongful termination are being brought against Innovative Dental. This situation highlights the importance of the contract language of a merger or acquisition, as well as the need for utmost care in employment practices. Calculated Risk Advisors has methods of protecting your firm on both accounts.
April 23, 2012