Credit: Looker_Studio/Adobe Stock In $2M Stock Dispute, Pa. Superior Court Adopts Fed Court Reasoning on Whether Stock Options Constitute Wages
"We hold that [Toppy] states a valid claim under the WPCL for [Passage Bio]'s refusal to pay the stock shares," Stabile said.
November 17, 2022 at 02:56 PM
4 minute read
Stock is considered a "fringe benefit" under Pennsylvania's Wage Payment Collection Law (WPCL), the state Superior Court has ruled in a decision stemming from an employment dispute valued at $2 million.
On Nov. 9, Superior Court Judges Mary Jane Bowes, Victor P. Stabile and John Musmanno waded into open questions about whether stocks should be thought of as fringe benefits, and therefore wages, under the WPCL.
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