Katrina McCann

Katrina McCann

Proskauer Rose LLP

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Latest Posts › Fair Labor Standards Act (FLSA)

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Missed Payroll in the Wake of Bank Collapse: Implications, Strategies, and Minimizing Risk

In the wake of the recent news of bank failures, businesses—and their investors—are rightly concerned about the implications of a missed or delayed payroll. Let’s look at those implications, and strategies for minimizing...more

3/17/2023  /  Banking Sector , Employee Benefits , Fair Labor Standards Act (FLSA) , Internal Revenue Code (IRC) , Investors , Labor Code , Liquidated Damages , Payroll Expenses , Risk Mitigation

Missed Payroll in the Wake of Bank Collapse: Implications and Strategies

In the wake of the recent news of bank failures, businesses—and their investors—are rightly concerned about the implications of a missed or delayed payroll. Let’s look at those implications, and strategies for minimizing...more

3/14/2023  /  Employee Benefits , Fair Labor Standards Act (FLSA) , FDIC , Investors , Liability , Payroll Expenses , Shareholders , Unpaid Wages , Wage and Hour
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