Posts tagged 'bankruptcy'

The decision may not even resonate outside the court's jurisdiction, but the Ninth Circuit Court of Appeals has found that individual managers can be held liable for former employees' back wages even after a company has gone bankrupt. In a Nevada case, Boucher v. Shaw, former employees sued the CEO and CFO of the bankrupt parent company for back wages. After a District Court dismissal, the Nev...

This morning I was poring over a press release from a law firm advising employers to use caution and follow labor law mandates in laying people off in hard times. The release began by lamenting a 40-percent rise in business bankruptcies in the 12-month period ending in June 2008, which saw a total of 33,822 firms seek protection, up from 23,889 in 2007. The release listed the Administrative Of...