MAN » Topics » We may be exposed to employment-related claims and costs from clients or third parties that could materially adversely affect our business, financial condition and results of operations.

This excerpt taken from the MAN 10-Q filed Oct 28, 2008.

We may be exposed to employment-related claims and costs from clients or third parties that could materially adversely affect our business, financial condition and results of operations.

We are in the business of employing people and placing them in the workplaces of other businesses. Risks relating to these activities include:

 

   

claims arising out of the actions or inactions of our associates, including matters for which we may have indemnified a client;

 

   

claims by our associates of discrimination or harassment directed at them, including claims relating to actions of our clients;

 

   

claims related to the employment of illegal aliens or unlicensed personnel;

 

   

payment of workers’ compensation claims and other similar claims;

 

   

violations of wage and hour requirements;

 

   

retroactive entitlement to employee benefits;

 

   

errors and omissions of our associates, particularly in the case of professionals, such as accountants; and

 

   

claims by our clients relating to our associates’ misuse of clients’ proprietary information, misappropriation of funds, other criminal activity or torts or other similar claims.

We may incur fines and other losses or negative publicity with respect to these problems. In addition, some or all of these claims may give rise to litigation, which could be time-consuming to our management team and costly and could have a negative impact on our business. We cannot assure you that we will not experience these problems in the future.

We cannot assure you that our insurance will be sufficient in amount or scope to cover all claims that may be asserted against us. Should the ultimate judgments or settlements exceed our insurance coverage, they could have a material effect on our results of operations, financial position and cash flows. We also cannot assure you that we will be able to obtain appropriate types or levels of insurance in the future, that adequate replacement policies will be available on acceptable terms, if at all, or that the companies from which we have obtained insurance will be able to pay claims we make under such policies.

 

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