In light of the FDIC takeover of Silicon Valley Bank (SVB), many of our startup, growth company, and fund clients have asked about how to manage their obligations to pay their team members during a period when the company’s...more
3/13/2023
/ Criminal Liability ,
Emerging Growth Companies ,
Fair Labor Standards Act (FLSA) ,
FDIC ,
Financial Institutions ,
Frozen Assets ,
Furloughs ,
Lenders ,
Non-Exempt Employees ,
Payroll Expenses ,
Startups ,
Wages
A recent court decision serves as an important reminder that attorney-client privilege may not apply to communications between an executive and a company’s counsel during the course of an investigation unless individual...more