Corporate
Sep. 21, 2005
Corporate Officers Face Risks When Workers Don't Get Paid
Focus Column - Corporate Law - By Thomas C. Klein - During the technology bust of 2000-02, many failing businesses closed and failed to pay their employees' final wages. Corporate distress situations such as company shutdowns, bankruptcies or failed financings can leave all creditors, including employees owed wages, with unsatisfied claims against the corporation.
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