Executive Files Class Action Against San Fran Firm Over Wage Theft and UO

Executive Files Class Action Against San Francisco Investment Firm Over Wage Theft and Unpaid Overtime

SAN FRANCISCO — A former executive for a San Francisco-based investment firm recently filed a class action unpaid overtime lawsuit claiming the defendant withheld the final paycheck for her and about 50 other individuals after they left the company. Additionally, the suit claims the plaintiff and others frequently worked more than 40 hours per week and are due overtime under state and federal wage and labor laws.

Seeking class action status, the suit hopes to empower any other individuals employed over the last four years with similar wage theft claims to be able to come forward and join the proposed class. Under California wage laws, employees who work more than eight hours in a day or a combined 40 hours must be paid one and a half times their regular hourly rate of pay for their overtime.

Reports suggest many former workers subjected to the alleged wage theft may be prepared to join the lawsuit or bring individual claims themselves. Another former employee for the defendant filed his own lawsuit claiming he racked up over $100,000 in business related expenses but was never repaid for the purchases.

Federal Overtime Pay Laws

Under the Fair Labor Standards Act, hourly employees must be compensated at least one and a half times their regular hourly rate of pay for the time they spend working over 40 hours in a week. Only certain types of salaried employees are exempt from this rule, usually executives and managers, and must meet federal guidelines.

When employers violate federal and state wage laws, employees have legal recourse to file unpaid overtime lawsuits and hold companies responsible for their unscrupulous behavior by recovering back pay and spurring change. Under various wage laws, plaintiffs may also be able to recover liquidated damages, attorney’s fees, and interest on back pay as an additional penalties for the defendant’s bad behavior.

Workers who believe they may be the victims of wage theft are strongly encouraged to speak to an experienced and qualified unpaid overtime attorney.

California Unpaid Overtime Lawsuits

Call (855) 754-2795 or complete the Free Unpaid Overtime Case Review form on the top right of this page if you believe that your wage rights are being violated under the FLSA. Our top-rated team of unpaid wage lawyers will evaluate your situation to determine your best course of action to help you seek justice.

Our office will also determine if it is in your best interest to file a lawsuit against your employer. Because strict time limitations apply for filing these types of claims, we advise you contact our experienced unpaid overtime wage attorneys at your earliest convenience and preserve your legal rights.

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