; (B) established a policy that led to such a violation; or (C) had actual or constructive knowledge of the violation, had the authority to prevent the violation, and failed to prevent the violation. (2) Amount of civil penalty The amount of, or range for, a civil penalty for a violation under paragraph (1) shall, in any case where a similar civil penalty against the employer is established by law, be the amount or range for the civil penalty that may be assessed against the employer for such violation. . (c) Responsibilities of 10 largest shareholders (1) Fair Labor Standards Act of 1938 Section 16 of the Fair Labor Standards Act of 1938 ( 20 U.S.C. 216 ), as amended by subsection (b)(1), is further amended by adding at the end the following: (h) Joint liability of large shareholders (1) In general In any action or proceeding for a violation of this Act, the 10 largest shareholders of an employer, as determined by the fair value for their beneficial interest as of the beginning of the period during which the violation occurred, shall— (A) jointly and severally be personally liable for all violations of this Act and for all damages awarded and civil penalties assessed for violations of this Act