New York City Employment Law News
Posts tagged minimum wage
MAJOR WORLD NOTICE
Sep 1
F&S mailed this court approved notice to all Major World salespeople who worked for the Company since December, 2006. If the notice is sent back to us, a person will join the case and be eligible to share in any settlement.
COURT APPROVED NOTICE
| Print article | This entry was posted by bschaffer on September 1, 2011 at 10:15 pm, and is filed under Employment Law. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
RBC Overtime Settlement
Aug 17
Royal Bank of Canada (RBC) has agreed to settle a minimum wage and overtime lawsuit brought by Securities Brokers. The settlement would create a fund of $5.05 million to be split among eligible employees. The case was filed in Minnesota Federal Court.
| Print article | This entry was posted by bschaffer on August 17, 2011 at 6:23 pm, and is filed under Employment Law. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
JP MORGAN CHASE SETTLEMENT
Aug 11
JP Morgan Chase recently settled a class action lawsuit encompassing thousands of loan underwriters for $42 million. The settlement covers Federal law- the Fair Labor Standards Act and many state laws. Chase alleged the underwriters were exempt from receiving overtime pay. However, an appeals Court and the Department of Labor issued opinions stating that mortgage loan officers and underwriters cannot be paid commission only and must be paid minimum wage and overtime. This is a very significant case, as the industry standard was to pay loan officers incorrectly.
| Print article | This entry was posted by bschaffer on August 11, 2011 at 10:05 pm, and is filed under Employment Law. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
