rescission
A for-profit health insurance company's method of rewarding employees for finding ways to drop policyholders who have developed expensive conditions or have pre-existing medical conditions.
Winston had paid four hundred dollars a month for the last eight years - so he could have medical insurance. But because of his carrier's policy of rescission, he was dropped from his plan as soon as got sick.
stealth offer rescission
To bring in a huge class of first year associates when there is very little work for them and then layoff over half of them only four months later.
To avoid the appearance of rescinding offers the New York office of Latham & Watkins brought in a massive class of first years even though there was no work for them and then laid off over half of them only four months later.
A young graduate of Harvard Law School lamented his stealth offer rescission and wondered why he hadn't chosen Skadden instead.
A young graduate of Harvard Law School lamented his stealth offer rescission and wondered why he hadn't chosen Skadden instead.