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Employers have lots of information on their employees – from social security numbers to disciplinary records. It is impossible to keep everything indefinitely.
Destroying documents too soon, however, will inevitably lead to serious consequences. When can you destroy documents safely and legally?
The process of organizing, saving, and destroying company records can be confusing even for a seasoned professional. Save too many files, and your company will pay unnecessary storage fees. Accidentally destroy certain information and you could be vulnerable to costly fines with the DOL or unprepared in the event of a lawsuit.
Courts are increasingly issuing significant fines against companies that have destroyed documents that were relevant to the litigation. Sometimes courts even enter default judgments in particularly egregious cases. How do you protect your company?
Learn how to maintain a recordkeeping policy to meet your business needs and comply with your legal obligations. Learn about litigation holds and when they are necessary.
Susan Fahey Desmond is a Principal in the New Orleans, Louisiana, office of Jackson Lewis P.C which has offices in 59 cities across the country. She has been representing management in the area of labor and employment law since her graduation from the University of Tennessee School Of Law. Susan is a frequent speaker and author on a number of labor and employment issues. She is named in Best Lawyers in America and has been named by Chambers USA as one of America's leading business lawyers for labor and employment law.View all trainings by this speaker