I may be facing the situation that I may be unemployed due to a lawsuit being filed against my current employer. The lawsuit will involve a whole lot of legal issues, from treatment of employees to tax evasion.
I am therefore currently searching for a new position, and the matter of why I leave can easily be handled for now: I wish to change companies, seeking new opportunities, while I do not mention the looming legal issues and the fact that it may bring down my current employer.
But in case the search takes longer than expected, and I have to explain how I lost my previous job: how do I handle the fact that the reason is an ongoing lawsuit? Will it be a case of "financial issues at old company"? Should I be prepared to go into any detail at all?
Edit: the fallout from the lawsuit may actually be the whole company going down due to financial and possible legal reasons. It's quite a deep hole the owner of the company dug for himself, and it's a former employee suing for damages to himself, as well as having dug up a whole lot of other stuff, including tax-evasion, breaking minimum wage law, and others.