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E-Trade Agrees to Pay $1.5 Million to Settle Overtime Suit Claiming Employee Misclassification

February 27th, 2012 · Comments Off

On February 23, 2012, E-Trade Financial Corp. agreed to pay a $1.5 million settlement to resolve claims by a proposed class of company relationship managers who accused E-Trade of violating the Fair Labor Standards Act by refusing to pay them overtime. The plaintiffs filed a motion in the U.S. District Court for the Southern District […]

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Tags: Fair Labor Standards Act