|
Areas of Practice
•
Representative Experience
•
Professional Background
•
Professional/Civic Activities
•
Speaking Engagements
•
Bar Admissions
•
Education
Areas of Practice
Mr. Nestico is Counsel in the Charlotte office and his practice includes all aspects of design, compliance and implementation of employee benefits and executive compensation, with a particular emphasis on negotiation and management of employment and benefits issues in mergers and acquisitions. He has had numerous engagements in connection with the acquisition and divestiture of multi-billion dollar global operating companies, and the formation and dissolution of global joint ventures. In addition to M&A transactions, his current practice is focused on advising plan sponsors regarding fiduciary responsibility and negotiating investment management agreements and related documents on their behalf.
Representative Experience
-
Represented a public company in the negotiation of all employment and benefits matters in a spin-off/merger of a cable operating subsidiary, valued at $40 billion.
-
Represented a public company in the negotiation of all of employee benefits matters in a multi-billion dollar spin-off of a wireless operating subsidiary, including complex issues involving stock option adjustments; helped design and implement long-term incentive compensation, 401(k) and health and welfare plans for the spun-off company.
-
Negotiated and drafted the employee matters agreement in connection with the $5 billion acquisition by a public company of a global telecommunications network with diverse and complex issues in 87 countries in Europe, Asia and Latin America.
-
Represented a telecommunications company in connection with the employment and benefits aspects of the creation of a global joint venture with a British company; designed, drafted and helped implement pension, savings, health and welfare and executive incentive compensation plans for the joint venture.
-
Represented a public company with respect to employment and benefits issues in the sale of its credit card division, valued at $650 million.
-
Negotiated and drafted the employee matters agreement in connection with the sale by a public company of its record-keeping and customer care business, with more than 13,000 employees.
-
Represented a public company with respect to employment and benefits issues in the separate sale of its communications satellite division and its undersea cable operating subsidiaries.
-
Managed successful litigation in Minnesota and Pennsylvania for guaranty association coverage of $200 million in guaranteed investment contracts issued by the failed Executive Life Insurance Company.
Professional Background
Mr. Nestico has 29 years of diverse experience in law firms, as in-house counsel with Fortune 50 multinational corporations and with top ten national consulting firms. He was previously Associate General Counsel - Benefits at New York Life Insurance Company, where he was responsible for legal compliance of all employee and executive benefit plans and benefits-related product offerings.
Prior to law school, John served in the United States Air Force from 1972-1977.
Professional/Civic Activities
-
American Bar Association, Business Law and Labor and Employment Law Sections
-
Main Line YMCA, Ardmore, PA, Board of Managers, 1992-1994; Assistant Swim Coach, 1991-1994
-
ASA/Aon Consulting Cycling Team to support the National Multiple Sclerosis Society, Team Captain, 1995-2003
Speaking Engagements
-
Spoke on issues related to retirement plan fees, expenses and revenue at the 37th Annual Retirement Management Seminar sponsored by the University of South Carolina, May 2008
-
"Being or Becoming: The Zen of Outsourcing;" Journal of Compensation and Benefits, co-authored with Scott Macey
-
"The Contingent Workforce," presentation at American Bar Association CLE
-
"Accommodating the Contingent Workforce: Bargaining and Benefits," presentation to ERISA Industry Committee
-
"Successfully Managing Cross-Border Transactions," presentation at National Foreign Trade Council
Bar Admissions
-
Bar of Connecticut
-
Bar of North Carolina
-
Bar of New York
Education
-
J.D.,
University of Connecticut School of Law
(1980)
(with honors; The Pocket Part, editor, 1979-1980)
-
B.S.,
United States Air Force Academy
(1972)
|