In light of the FDIC takeover of Silicon Valley Bank (SVB), many of our startup, growth company, and fund clients have asked about how to manage their obligations to pay their team members during a period when the company’s...more
3/13/2023
/ Criminal Liability ,
Emerging Growth Companies ,
Fair Labor Standards Act (FLSA) ,
FDIC ,
Financial Institutions ,
Frozen Assets ,
Furloughs ,
Lenders ,
Non-Exempt Employees ,
Payroll Expenses ,
Startups ,
Wages
Certain provisions of the coronavirus/COVID-19 economic stimulus legislation are subject to the issuance of government regulations, government guidance and other government action; thus, certain details regarding the...more