bschaffer

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Homepage: http://www.fslawfirm.com


Posts by bschaffer

UBS TECHNICAL SUPPORT CLASS ACTION SETTLEMENT

UBS, one of the world’s largest financial services companies has agreed to pay $1.4 million to resolve an unpaid overtime class action.  The case was brought on behalf of computer technicians who alleged they were paid a salary, and were misclassified as exempt employees, thus entitling them to unpaid overtime.  Generally, computer help desk or computer customer service employees are entitled to be paid overtime, while programmers and code-writers are not.  Many help desk or customer service employees are required to spend many hours working from home, or on smartphones at all hours of the night, responding to emergencies.  Employees should be aware that if they bring a case for unpaid wages, they are protected against retaliation by their employer.  For more information regarding employees being entitled to overtime, please contact Fitapelli & Schaffer for a free consultation.

DARDEN LAWSUIT

Last week, the Restaurant Opportunities Center (ROC) filed a lawsuit in Chicago Federal Court against Darden Restaurants, parent company of Capital Grille, alleging unpaid wage violations, such as: Minimum Wage, Overtime and Spread of Hours.  The new lawsuit also requests to proceed as a class and collective action on behalf of all Capital Grille employees nation-wide.  Our firm, Fitapelli & Schaffer, LLP, filed this case first, on November 17, 2011 and we already have over 25 Plaintiffs from 7 different states.  Information about our case can be found at WWW.CAPITALGRILLELAWSUIT.COM.

NOVARTIS OVERTIME SETTLEMENT

Novartis, one of the world’s largest pharmaceutical companies, has agreed to pay a staggering $99 million to resolve a class action brought by sales representatives for unpaid overtime.  This very issue, of whether pharmaceutical sales representatives are entitled to overtime is scheduled to be decided by the United States Supreme Court later this year.  These cases revolve around the issue of the administrative and outside sales overtime exemptions.  In the Novartis case, the company won summary judgment on the exemption issue at the District Court level.  However, the Second Circuit reversed on appeal, finding the sales representatives not exempt and thus entitled to unpaid overtime.  The Supreme Court will have to rule on the outside sales exemption, which will be interesting, since pharmaceutical salespeople do not sell any products.  Sales people merely “pitch” the products to doctors, who in turn, prescribe the drugs to patients.  We will update you following the Supreme Court’s ruling, which will affect overtime eligibility for all salespeople nationwide.

CITIGROUP LOSES FINRA ARBITARTION TO FINANCIAL ADVISORS, OWES $24 MILLION

In one of the largest FINRA arbitration awards ever, Citigroup was ordered to pay two financial advisers and their assistant $24 million in unpaid commissions.  In 2002, brothers James Bryan Minchello and Robert Vincent Minchello were hired by Citigroup Smith Barney.  The brothers had previously worked for Bank of America and brought a large book of business, including several venture capital firms and a large communications company to Citigroup.  Pursuant to an employment agreement with Citigroup, the brothers were to receive certain commissions based on revenue generated.  The FINRA arbitration panel ruled for the brothers and their assistant, awarding $15.8 million in compensatory damages, 6% interest for over 7 years and $1 million in sanctions.  This case illustrates that financial advisers should be very diligent in obtaining a written employment agreement and keeping track of their hours worked and commissions earned and paid.