{"id":2851,"date":"2026-07-05T21:14:01","date_gmt":"2026-07-05T21:14:01","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=2851"},"modified":"2026-07-05T21:14:01","modified_gmt":"2026-07-05T21:14:01","slug":"investment-firms-cofounder-sues-after-being-fired-for-neglecting-the-in-person-work-mandate-he-signed-saying-it-applies-to-employees-not-owners","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=2851","title":{"rendered":"Investment firm\u2019s cofounder sues after being fired for neglecting the in-person work mandate he signed, saying it applies to employees not owners"},"content":{"rendered":"<div>\n<p>In 2022, William Nieporte was fired from Bramshill Investments, which he ran with his high school classmates and former co-managers Stephen Selver\u00a0and\u00a0Art DeGaetano.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=2849\">The Trump administration will use the same company that tried to renovate the Reflecting Pool to repair it \u2014 \u2018because they did a fantastic job\u2019<\/a><\/p>\n<p>A few months before that, all three of them signed an email telling staff to work five days a week at one of the firm\u2019s three offices in New York City; Naples, Fla.; or Newport Beach, Calif. <\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>At the time, Nieporte was living in San Ramon, Calif., which is hundreds of miles away from Bramshill\u2019s closest office. <\/p>\n<p>According to the <em>Wall Street Journal<\/em>, Selver and DeGaetano sent Nieporte a termination letter that said, \u201cYou have willfully and deliberately failed to report to \u2018in-person\u2019 work.\u201d<\/p>\n<p>Four years later, Nieporte filed a federal lawsuit in May against human resources company ADP Totalsource for its role in his firing, seeking at least $30 million. Meanwhile, he\u2019s also in arbitration proceedings with Bramshill, parent company Ironmen, Selver and DeGaetano.<\/p>\n<p>ADP didn\u2019t immediately respond to a request for comment, but a spokesperson told the <em>Journal<\/em> it would defend itself against the allegations and that it complied with applicable laws. Bramshill called Nieporte\u2019s claims fabricated and said he isn\u2019t owed any money, adding that his termination was due to dereliction of duty, according to the <em>Journal<\/em>.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>Nieporte\u2019s attorney,\u00a0Matthew Press\u00a0of Press Koral LLP, didn\u2019t immediately respond to a request for comment, but told the <em>Journal<\/em> that neglecting the return-to-office order wasn\u2019t sufficient cause for termination, arguing that it was aimed at employees and \u201cdid not validly apply to Mr. Nieporte, who was an owner and manager of the company.\u201d\u00a0<\/p>\n<p>Nieporte alleged his ouster was meant to \u201cusurp\u201d his 12% holding in Bramshill. A provision in the parent company requires shareholders to sell their stakes if they\u2019re fired for cause. Selver had a 40% stake and DeGaetano 48%.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>Nieporte claimed Selver and DeGaetano approved his move to San Ramon in 2017 but later tried to force him out and made a \u201clowball\u201d offer in 2021 to buy his share in Bramshill, the <em>Journal<\/em> reported.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>Then came the return-to-office mandate, which had a July 5, 2022 deadline. After that passed, DeGaetano wrote to Nieporte, \u201cWe have both junior and senior employees commuting over one hour each way to work, and yet you feel this policy doesn\u2019t apply to you.\u201d<\/p>\n<div>\n<div><\/div>\n<\/div>\n<div>\n<div><\/div>\n<\/div>\n<p>While Nieporte approached the co-owners about a buyout and was given 30 days before further action was taken, he alleged he was fired before then while his share of the firm\u2019s profits stopped coming in and his interest in Bramshill was converted.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=2847\">The stock market is about to suffer a \u2018snapback\u2019 and will lose much of this year\u2019s gains as \u2018speculation is hitting extreme levels,\u2019 BofA warns<\/a><\/p>\n<p>He now lives in Nevada and works remotely for a startup, according to the <em>Journal<\/em>.<\/p>\n<p>The dispute comes as Corporate America and government agencies have pushed aggressively to bring employees back to in-person work after years of allowing remote work during the COVID-19 pandemic.<\/p>\n<p>Amazon\u00a0ordered employees to the office five days a week last year. Meanwhile, CEOs like JPMorgan\u2019s Jamie Dimon and Tesla\u2019s Elon Musk have repeatedly criticized work from home.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<div>\n<div><\/div>\n<\/div>\n<p>Yet despite the headlines, remote work is still alive and well. Nearly 22% of U.S. workers still worked from home at least part of the time in 2025, a percentage point less than in 2024, according to an\u00a0analysis of Census Bureau data from the Minneapolis Fed.\u00a0<\/p>\n<p>The trend continued into 2026, with the combined rate of hybrid work and fully remote work running at 22.3% in January and 22% in February.<\/p>\n<p>The share of workers with hybrid schedules has increased a bit, while the share in fully remote positions has only seen a slight decline. Average hours worked remotely has also remained largely unchanged, declining from 27 hours at the start of 2025 to 26 hours a year later.<\/p>\n<p>To be sure, sectors like public administration and information saw dips in remote work from 2024 to 2025, but that was offset by gains in professional services and health care.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>\u201cRemote work can be used as perk or benefit to attract talent, especially in times when jobs are plentiful but workers are few. In the last couple of years, however, the number of job openings shrank, and so has workers\u2019 leverage to negotiate more flexible schedules,\u201d the Minneapolis Fed said.<\/p>\n<p>\u201cAs the supply and demand of jobs and workers in the economy change, remote work will likely continue to evolve. But recently, this evolution has proven to be slow.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=2845\">As higher airfares and gas prices make vacations \u2018crazy expensive,\u2019 small business owners say Americans are staying closer to home this summer<\/a><\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u201cWe have both junior and senior employees commuting over one hour each way to work, and yet you feel this policy doesn\u2019t apply to you.\u201d<\/p>\n","protected":false},"author":1,"featured_media":2850,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[],"class_list":["post-2851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-remote-work"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investment firm\u2019s cofounder sues after being fired for neglecting the in-person work mandate he signed, saying it applies to employees not owners - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=2851\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investment firm\u2019s cofounder sues after being fired for neglecting the in-person work mandate he signed, saying it applies to employees not owners - Cross Country Moving Team\" \/>\n<meta property=\"og:description\" content=\"\u201cWe have both junior and senior employees commuting over one hour each way to work, and yet you feel this policy doesn\u2019t apply to you.\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/crosscountrymovingteams.com\/?p=2851\" \/>\n<meta property=\"og:site_name\" content=\"Cross Country Moving Team\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-05T21:14:01+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=2851#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=2851\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"headline\":\"Investment firm\u2019s cofounder sues after being fired for neglecting the in-person work mandate he signed, saying it applies to employees not owners\",\"datePublished\":\"2026-07-05T21:14:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=2851\"},\"wordCount\":815,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=2851#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/9041055412ba34b2037447f970bb44df.webp\",\"articleSection\":[\"remote work\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=2851#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=2851\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=2851\",\"name\":\"Investment firm\u2019s cofounder sues after being fired for neglecting the in-person work mandate he signed, saying it applies to employees not owners - 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