Jackson Lewis: New York Court of Appeals Holds That Bonus Orally Promised to Employee is Protected by New York Labor Law | Practical Law

Jackson Lewis: New York Court of Appeals Holds That Bonus Orally Promised to Employee is Protected by New York Labor Law | Practical Law

This Jackson Lewis LLP Law Firm Publication discusses Ryan v. Kellogg Partners Institutional Servs., in which the New York Court of Appeals recently held that an employer violated the New York Labor Law when it failed to pay a bonus that it orally promised to an employee.  The bonus was protected by the New York Labor Law because it had been "earned" by the employee.  The New York Labor Law affords greater remedies than the common law to employees who seek to recover wages from their employer, including liquidated damages, attorneys' fees and interest.

Jackson Lewis: New York Court of Appeals Holds That Bonus Orally Promised to Employee is Protected by New York Labor Law

by Jackson Lewis LLP
Published on 12 Apr 2012New York, United States
This Jackson Lewis LLP Law Firm Publication discusses Ryan v. Kellogg Partners Institutional Servs., in which the New York Court of Appeals recently held that an employer violated the New York Labor Law when it failed to pay a bonus that it orally promised to an employee. The bonus was protected by the New York Labor Law because it had been "earned" by the employee. The New York Labor Law affords greater remedies than the common law to employees who seek to recover wages from their employer, including liquidated damages, attorneys' fees and interest.