Jennifer McGrew

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 risk. Obligation to Make Payroll Under federal and most state laws, employers have both timing-of-pay and frequency-of-pay obligations. Under most of these … Continue Reading

The View from Proskauer on Developments in the World of Employee Benefits, Executive Compensation & ERISA Litigation

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