Anonymous wrote:More on Foxtrot’s closing: https://slate.com/business/2024/05/foxtrot-venture-capital-businesses-bankruptcy-creditors-pay-debts.htm

Thank you.

Did a search on the owner, Michael Lavitola. Sounds to me like a Sam Bankman Fried type of swindler. Lavitola pulled a fast one on his woke cult investors and followers, not to mention all of small businesses who provided his inventory. He left them all high and dry. No worries, cause he’s making out like a bandit. Tragic.

Anonymous wrote:Foxtrot is closing all US stores, not just those in DC. Very odd considering some of the DC locations opened less than a year ago.

Tons of retailers are shutting down across America. Wake up, people.

More on Foxtrot’s closing: https://slate.com/business/2024/05/foxtrot-venture-capital-businesses-bankruptcy-creditors-pay-debts.htm

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:Completely. It’s so abrupt; none of their employees had any insight or warning. Some came into work just to find out it was shutting down. Outrageous

Not that different from being let go from any other job. So many reasons why it is ill-advised to give advance warning in that situation.

Except that it’s illegal in this case. Given how many people were impacted, the law says they should’ve provided 60 days notice. There’s already a class action lawsuit.

They must have really been up sh*t’s creek to skip this step.

The lawsuit is in Illinois for alleged violation of Illinois law. Does DC have a similar law?

It’s a federal law

Yep-- WARN Act.

Okay. But it can only apply and be enforced if the company is a going concern. So it’s debatable if it was even intended to apply to this scenario.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Completely. It’s so abrupt; none of their employees had any insight or warning. Some came into work just to find out it was shutting down. Outrageous

Not that different from being let go from any other job. So many reasons why it is ill-advised to give advance warning in that situation.

Except that it’s illegal in this case. Given how many people were impacted, the law says they should’ve provided 60 days notice. There’s already a class action lawsuit.

They must have really been up sh*t’s creek to skip this step.

The lawsuit is in Illinois for alleged violation of Illinois law. Does DC have a similar law?

It’s a federal law

Yep-- WARN Act.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Completely. It’s so abrupt; none of their employees had any insight or warning. Some came into work just to find out it was shutting down. Outrageous

Not that different from being let go from any other job. So many reasons why it is ill-advised to give advance warning in that situation.

Except that it’s illegal in this case. Given how many people were impacted, the law says they should’ve provided 60 days notice. There’s already a class action lawsuit.

They must have really been up sh*t’s creek to skip this step.

The lawsuit is in Illinois for alleged violation of Illinois law. Does DC have a similar law?

It’s a federal law