Evenn large companies such as JPMorgan Chase are susceptible to misclassifying employees leading to lawsuits. Assistant Branch Managers alleged just that, and have recently been awarded $16.7 million dollars in back pay.
Financial giant JPMorgan Chase & Co recently agreed to a massive $16.7 million settlement to resolve a pair of class action unpaid overtime lawsuits the company had been fighting for years in federal court and recently lost a crucial decision on certifying one of the lawsuits as a class action.
NEW YORK — JPMorgan recently offered plaintiffs in a class action overtime pay lawsuit $5.7 million to resolve claims over allegations the company intentionally misclassified hundreds of analysts as overtime exempt workers.
NEW YORK CITY — A federal judge for the U.S. District Court for the Southern District of New York recently ruled a pair of class action unpaid overtime lawsuits against banking giant JPMorgan Chase shall be consolidated into one suit.