Connecticut Employment Law Blog Insight on Labor & Employment Developments for Connecticut Businesses

Tag Archives: aig

State Official: AIG Bonuses Do Not Violate State Unfair Trade Practices Law (CUTPA)

By Daniel Schwartz on Posted in Wage & Hour

Remember the big uproar over the AIG bonuses a few weeks back? (Seems like a few years ago now, right?) Well, the beginning of the end of Connecticut’s interest in the matter occurred today with a whimper, not a bang, when the state’s consumer protection commissioner released a memorandum concluding that Connecticut has no legal… Continue Reading

Referrals from Wall St. Journal, Above The Law & PointOfLaw.com

By Daniel Schwartz on Posted in Wage & Hour

Writing a blog can be a lonely endeavor at times with the question of "Will anyone read this?" popping up from time to time.  And while the blog had its 400,000th (!) visitor earlier this month, it’s always nice to get some additional encouragement.   So, a tip of my hat to Above the Law… Continue Reading

As State Holds AIG Hearing, A Look at How Connnecticut Has Attempted to Prosecute An Employer Who Allegedly Failed to Pay Wages

By Daniel Schwartz on Posted in Litigation, Wage & Hour

As state legislators go forward with a hearing today on the AIG issues (you can view the hearing on CT-N, here), one of the recurring themes suggested in various newspapers articles and by state leaders is that there were lots of ways that the employer could have avoided paying these retention payments. Perhaps. But suppose you were… Continue Reading

Connecticut’s Wage Laws — What Do They Really Say About Bonuses, Wages and Double Damages?

By Daniel Schwartz on Posted in Laws and Regulations, Wage & Hour

UPDATED Over the last 24 hours, it seems that every politician is decrying the use of Connecticut wage and hour laws as apparent support for AIG’s payout of various retention payments. Connecticut Attorney General Richard Blumenthal’s comments are among the most pointed, according to Capitol Watch: "I have significant doubts about the validity of AIG’s… Continue Reading

Retention Agreements: How the National Spotlight Now Shines on Connecticut’s Wage and Hour Laws

By Daniel Schwartz on Posted in Wage & Hour

UPDATED Various blogs have started to link to this one today after AIG released a white paper to support its assertion that it was required to make payments to various executives and employees over the last week. It turns out that the retention plan at issue is to be construed under Connecticut’s wage and hour laws.  As bloggers and commentators will quickly realize,… Continue Reading