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NEW YORK – When a small business is involved in a lawsuit, an owner’s concern can’t only be about winning or losing; it also has to be about ensuring the company stays on track.
Owners who have been sued or who brought suits themselves must meet with lawyers, gather evidence and sometimes give depositions. If employees’ testimony is needed, bosses must spend time with them.
Some companies take on extra help to help with the suit; others juggle their regular work with getting ready for a trial.
Burke Files of Financial Examinations & Evaluations said it felt like he had to take on another job — being a defendant — when his company was sued in 2010. The firm prevailed nine months after the suit was filed, when its opponent dropped the case.
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