Post by Logan on Jan 7, 2017 23:15:00 GMT -6
Cuomo to propose bill that clamps down on wage theft from out-of-state companies
ALBANY — Gov. Cuomo is set to propose legislation that will allow the state to aggressively go after wage theft in New York, the Daily News has learned.
The bill, to be announced as part of the governor's State of the State agenda he'll be releasing this week, would hold the top 10 officials from out-of-state limited liability companies, or LLCs, personally financially liable for unsatisfied judgments for unpaid wages.
The legislation will empower the state Labor Department commissioner to enforce such liabilities.
The idea, Cuomo said, is to recover more money employees were cheated out of when businesses went bankrupt — and went on to create spinoff limited liability companies registered in other states or hid their assets in other ways.
Read more: www.nydailynews.com/news/politics/exclusive-cuomo-wage-theft-bill-target-out-of-state-companies-article-1.2939191
ALBANY — Gov. Cuomo is set to propose legislation that will allow the state to aggressively go after wage theft in New York, the Daily News has learned.
The bill, to be announced as part of the governor's State of the State agenda he'll be releasing this week, would hold the top 10 officials from out-of-state limited liability companies, or LLCs, personally financially liable for unsatisfied judgments for unpaid wages.
The legislation will empower the state Labor Department commissioner to enforce such liabilities.
The idea, Cuomo said, is to recover more money employees were cheated out of when businesses went bankrupt — and went on to create spinoff limited liability companies registered in other states or hid their assets in other ways.
Read more: www.nydailynews.com/news/politics/exclusive-cuomo-wage-theft-bill-target-out-of-state-companies-article-1.2939191