In a critical development, New York Governor Kathy Hochul has recently signed legislation leading to an immediate change to the state’s penal code. Wage theft has been added to the definition of “larceny,” imposing considerable potential penalties on employers.
According to the reports provided by legal firm Seyfarth Shaw LLP, this significant addition could have profound implications for the state’s employers. Wage theft has historically been an issue often discussed but seldom addressed in substantial legal terms. This decision by Governor Hochul places New York at the forefront of this legal development.
There isn’t enough detailed information available from the primary article on JD Supra, hence an in-depth analysis of the implications of this amendment to New York’s penal code couldn’t be conducted. However, it goes without saying that employers should scrutinise their wage policies to ensure compliance with these new legislations.
For more information, you can find the full article here.