Key Employee Removal
Labor & Employment
A regional investment services company was planning on terminating their Chief Financial Officer after many months of performance issues. After concerns were raised regarding his unfettered access to significant proprietary and confidential business information, the company’s attorneys recommended creating a detailed plan for the CFO’s dismissal.
Avansic’s experts were asked to consult with the company’s CEO and legal team to determine the best management of the CFO’s access to digital information both during and after his termination. Due to his position at the company, he had administrative passwords for all of the company’s financial software and tracking systems, making their security of paramount importance. Avansic’s experience with forensics investigations for wrongful termination and proprietary information theft cases allowed us to help create a a detailed list of assets to be secured during the termination. In addition, Avansic was able to suggest several data preservation measures to be enacted in order to prepare for any lawsuits that the terminated CFO might file.
After taking all of the steps recommended in the plan, including Avansic’s recommendations, the CFO was terminated without incident. The employee has not filed any wrongful termination claims and the company did not experience any data loss or alteration.