The season of lawsuits seems to be far from over and that is evident in the number of lawsuits that are coming are coming up. The number of organizations that have been taken to court or those that are facing some lawsuits of some sort are going up by every passing day. The latest victim on this list is white oak global a famous financial services company with global reputation that now finds itself in serious lawsuits coming from within it and outside. As a matter of fact, white oak global has faced some serious lawsuits in the recent days among them that famous lawsuit against their employee.
This text looks into some of the legal lawsuits the white oak global are facing. The company is currently facing quite a number of issues. This article will do its best to give you a glimpse into each one of these lawsuits to give you an idea of what each one of them is all about take a look:
White Oak Versus its Former Employee
White oak global has faced some serious lawsuits in the recent days. One of these lawsuits is the famous lawsuits involving the company and its former employee. The details of this lawsuit are quite complex with only limited information in the public at the moment . The lawsuit involved one of the white oak global managing directors at white oak global who claimed to have been fired unfairly.
The employee who served in the capacity of a managing director at the company accused white oak global of failing to completely buy out his nine-figure stake in the company after firing him. This he claims is an illegality and the decision to not buy out his huge stake in the company rendered his firing decision invalid. The matter went to court and in an interesting turn of events the court sided with the company’s employee awarding him a colossal amount of money going up to the tune of 143 million dollars.
White oak global advisors is yet to comment on this ruling. At this point it is unclear whether the company will appeal the ruling or not. The company has also been very careful with its sentiments on the issue limiting the kind of information it gives to the public.
Other Lawsuits Against White Oak Global
Other than the aforementioned lawsuit, white oak global has also faced other lawsuits in the past and even now. The most notable ones are those involving the company and digital gadgets LLC as well as the lawsuit between white oak global advisors LLC versus Clarke et al. These lawsuits are still in their young ages and more details about them will surface as time goes by. The white oak global advisors company has surely faced an avalanche of lawsuits which have dealt its reputation a huge blow.
Conclusion
The lawsuits facing the white oak global are a great threat to its overall reputation. The lawsuits especially those involving the company and other companies are a great threat to the reputation and overall image of the business.