Last week, the financial world was upset by the seizure and shut down by regulators of two regional banks — Silicon Valley Bank and Signature Bank. With almost no warning, employers went from a position of high liquidity to one where their deposits were frozen. As depositors of those banks feared for the moneyContinue Reading Financial Uncertainties, Cyberattacks, Payroll Emergencies, Oh My! What Employers Need to Know in Crisis About Wage & Hour Obligations (Part 1)
Seyfarth Synopsis: Federal courts within the Second Circuit have held that merely alleging a pay frequency violation under New York Labor Law § 191 is insufficient for standing under Article III of the United States Constitution. Could this be the tool to end the current onslaught of late-pay claims?
Section 191(1)(a)(i)…Continue Reading A New Way to Stem the Tide of Pay Frequency Claims in NY?