In the world of private equity, vast sums of money are raised by private investors who pool their money into collective funds in order to acquire companies, i.e., a "portfolio company", with the goal of eventually flipping the portfolio company at a significant profit.
http://www.jdsupra.com/legalnews/who-should-hold-the-bag-for-employment-l-54826/
http://www.jdsupra.com/legalnews/who-should-hold-the-bag-for-employment-l-54826/
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