Companies in severe financial distress often seek refuge in bankruptcy. However, while bankruptcy may offer the company-debtor protection against claims of unpaid wages, it does not insulate individual officers, directors and managers from personal liability under the Fair Labor Standards Act ("FLSA") for such claims. InBoucher v.
USA, Employment & Labor, Insolvency & Restructuring, Litigation, Fenwick & West LLP, Wage, Bankruptcy, Debtor, Economy, Summary offence, Casino, Bankruptcy discharge, Fair Labor Standards Act 1938 (USA), Chief executive officer, Chief financial officer, Ninth Circuit