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The Superior Court of New Jersey has dismissed an age discrimination lawsuit against Steel Partners Holdings L.P. (NYSE: SPLP) filed by former assistant general counsel Michael MacManus. The dismissal came after a court hearing on August 29, 2024, regarding the Company’s motion for summary judgment. MacManus, who resigned in 2020, had filed the lawsuit in 2021. Steel Partners, a diversified global holding company, operates in various industries including industrial products, energy, defense, supply chain management, banking, and youth sports.
La Corte Superiore del New Jersey ha respinto una causa per discriminazione di età contro Steel Partners Holdings L.P. (NYSE: SPLP) presentata dall’ex consigliere generale Michael MacManus. Il respingimento è avvenuto dopo un’udienza in tribunale il 29 agosto 2024, riguardo alla richiesta di giudizio sommario della compagnia. MacManus, che si è dimesso nel 2020, aveva intentato la causa nel 2021. Steel Partners, una società globale diversificata, opera in vari settori tra cui prodotti industriali, energia, difesa, gestione della catena di approvvigionamento, banche e sport giovanili.
El Tribunal Superior de Nueva Jersey ha desestimado una demanda por discriminación por edad contra Steel Partners Holdings L.P. (NYSE: SPLP) presentada por el ex abogado general Michael MacManus. La desestimación se produjo tras una audiencia judicial el 29 de agosto de 2024, en relación con la moción de juicio sumario de la empresa. MacManus, que renunció en 2020, presentó la demanda en 2021. Steel Partners, una empresa holding global diversificada, opera en diversas industrias, incluidos productos industriales, energía, defensa, gestión de la cadena de suministro, banca y deportes juveniles.
뉴저지 고등법원은 연령 차별 소송을 기각했습니다
Steel Partners Holdings L.P. (NYSE: SPLP)와 전 법무부 보조 기획자 마이클 맥마너스(Michael MacManus)가 제기한 소송입니다. 기각은 2024년 8월 29일 회사의 요약 판결 신청에 대한 법원 심리 후에 이루어졌습니다. 2020년에 사임한 맥마너스는 2021년에 이 소송을 제기했습니다. Steel Partners는 산업 제품, 에너지, 방위, 공급망 관리, 은행 및 청소년 스포츠 등 다양한 산업에서 운영되는 글로벌 종합 홀딩스 회사입니다.
La Cour supérieure du New Jersey a rejetté une plainte pour discrimination fondée sur l’âge contre Steel Partners Holdings L.P. (NYSE: SPLP) déposée par l’ancien avocat général Michael MacManus. Le rejet est survenu après une audience au tribunal le 29 août 2024 concernant la demande de jugement par défaut de l’entreprise. MacManus, qui a démissionné en 2020, avait déposé la plainte en 2021. Steel Partners, une société de portefeuille mondiale diversifiée, opère dans divers secteurs, y compris les produits industriels, l’énergie, la défense, la gestion de la chaîne d’approvisionnement, la banque et le sport pour les jeunes.
Das Obergericht von New Jersey hat eine Altersdiskriminierungsklage gegen Steel Partners Holdings L.P. (NYSE: SPLP) abgewiesen, die von dem ehemaligen General Counsel Michael MacManus eingereicht wurde. Die Abweisung erfolgte nach einer Gerichtsbeschwerde am 29. August 2024 bezüglich des Antrags des Unternehmens auf ein summarisches Urteil. MacManus, der 2020 zurückgetreten war, hatte die Klage im Jahr 2021 eingereicht. Steel Partners, ein diversifiziertes globales Holdingunternehmen, ist in verschiedenen Branchen tätig, darunter Industriewaren, Energie, Verteidigung, Lieferkettenmanagement, Banken und Jugendsport.
Positive
- Legal victory with dismissal of age discrimination lawsuit, reducing legal liability
- Elimination of potential reputational risk associated with discrimination claims
Insights
The dismissal of the age discrimination lawsuit via summary judgment represents a significant legal victory for Steel Partners. Summary judgments are only granted when there’s no genuine dispute of material facts, indicating the court found insufficient evidence to support the discrimination claim. This outcome shields SPLP from potential financial damages and reputational harm that could have impacted investor confidence. The ruling reinforces the company’s compliance with employment laws and reduces legal risk exposure. For investors, this resolution eliminates uncertainty around a potentially costly litigation and validates the company’s corporate governance practices. The timing of the case – from the 2020 resignation to the 2024 dismissal – falls within typical employment litigation timeframes, suggesting proper legal handling of the matter.
NEW YORK–(BUSINESS WIRE)– Steel Partners Holdings L.P. (NYSE: SPLP) (the “Company”) is pleased to announce that the Superior Court of New Jersey dismissed attorney Michael MacManus’s claim of age discrimination in the matter of Michael MacManus vs. Steel Services, Ltd. following a court hearing on August 29, 2024 regarding the Company’s motion for summary judgment.
“We’re very happy that the New Jersey courts agree that the culture of Steel Partners is inclusive and open” said Warren Lichtenstein, chairman and founder of Steel Partners. “There is no scenario in which we would discriminate against an employee for their age or any other protected characteristic.”
Mr. MacManus, previously an assistant general counsel at Steel Services Ltd., resigned in 2020. He filed an age discrimination lawsuit against the Company in 2021.
“At Steel, we pride ourselves on a culture that creates a positive environment, builds character, and teaches life lessons” added Lichtenstein. “I hope Steel employees continue to thrive at work and live our core values of teamwork, respect, integrity, and commitment.”
About Steel Partners Holdings L.P.
Steel Partners Holdings L.P. (www.steelpartners.com) is a diversified global holding company that owns and operates businesses and has significant interests in leading companies in various industries, including diversified industrial products, energy, defense, supply chain management and logistics, banking and youth sports.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241029255162/en/
Investor contact:
Jennifer Golembeske
212-520-2300
Source: Steel Partners Holdings L.P.
FAQ
What was the outcome of Michael MacManus’s age discrimination lawsuit against Steel Partners (SPLP)?
The Superior Court of New Jersey dismissed the age discrimination lawsuit following a court hearing on August 29, 2024, regarding Steel Partners’ motion for summary judgment.
When did Michael MacManus file the age discrimination lawsuit against Steel Partners (SPLP)?
Michael MacManus filed the age discrimination lawsuit against Steel Partners in 2021, after resigning from his position as assistant general counsel in 2020.
What industries does Steel Partners (SPLP) operate in?
Steel Partners operates in diversified industrial products, energy, defense, supply chain management and logistics, banking, and youth sports industries.
