The Sports Startup Being Sued for Nearly $500,000 by Its Former Employees(sports.vice.com)
sports.vice.com
The Sports Startup Being Sued for Nearly $500,000 by Its Former Employees
https://sports.vice.com/article/sport195-lawsuit-backpay-lost-wages
2 comments
Further down the article talks about some of the employees staying on for the health insurance...
This part:
"The checks that did clear were thanks to the small fortune Petty made co-founding Roo Group, a video distribution firm."
Stood out for me and set the tone for the rest of the piece. Investors love to believe that success breeds success, but are there indicators for lightning striking versus a sustained success?
"The checks that did clear were thanks to the small fortune Petty made co-founding Roo Group, a video distribution firm."
Stood out for me and set the tone for the rest of the piece. Investors love to believe that success breeds success, but are there indicators for lightning striking versus a sustained success?
Hard to imagine why an employee would work for two months without getting a paycheck. A company missing payroll is generally a sign that its finances are so screwed up that they're not likely to recover. (Any responsible company would lay off employees that it couldn't afford to pay.) When that first paycheck fails to arrive, it's time to walk out the door and start looking for a new job (and file a wage theft complaint for the last unpaid paycheck).