Charlotte, N.C. - Kennedy Covington, one of the largest law firms in the Carolinas, is expanding its Employee Benefits team, recently hiring John Nestico as special counsel.
Nestico brings 27 years of experience to Kennedy Covington, having served as in-house counsel with Fortune 50 multinational corporations and top ten national consulting firms.
Most recently, he was Associate General Counsel - Benefits for New York Life Insurance Company.
At Kennedy Covington, Nestico
will focus his
practice on all aspects of design, compliance and implementation of employee benefits and executive compensation, with particular emphasis on the negotiation and management of employment and benefits issues in mergers and acquisitions.
"The past several years have brought an increased demand for sophisticated legal services in the employee benefits arena," says J. Norfleet Pruden III, chair of Kennedy Covington's
business law department.
on board gives our already deep team another experienced and highly qualified attorney to serve our clients in this complex area.
With extensive experience in mergers and acquisitions, John
is able to quickly spot and address potential issues, helping clients avoid financial surprises in strategically important transactions."
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.
past matters include representing 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, negotiating and drafting 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, and representing a telecommunications company in connection with the employment and benefits aspects of the creation of a global joint venture with a British company.
Nestico served in the United States Air Force from 1972-1977 and received his B.S. from the United States Air Force Academy.
He received his J.D. with honors from the University of Connecticut.
is admitted to practice in New York and Connecticut, but is not yet admitted in North Carolina.