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Have any individual shareholders been named in the wage claim for unpaid overtime or is just the name of the company listed as the defendant to the action?
We have not received the wage claim but the DOL was in our office and asked for payroll and company Tin & Articles of Incorporation. I am just preparing myself as a shareholder and officer of the company.
Unless you are personally named as parties to the DOL action then you would not be personally liable to the Department of Labor or the plaintiffs for the amount of overtime and any penalties that the DOL may claim from you.
You will have to be separately named as an office and/or shareholder of the company to be held personally liable for the overtime wages that may be due.
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