JPMorgan Chase & Co. Faces Lawsuit Filed by Former Employees |
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Two former JPMorgan Chase & Co. employees are seeking class-action status for a lawsuit they filed against the bank’s unit.
Alan Krichman and James Howell filed a suit in federal court in Manhattan alleging the New York bank’s Chase Investment Services Corp. failed to properly pay overtime to its brokers, or financial consultants, and trainees for working more than 40 hours a week.
The lawsuit also claims the company unlawfully deducted stock losses and commissions paid on a transaction when a customer challenged a transaction.
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Other Employment Cases of Interest
The complaint alleges that security officers employed by the Florida company were routinely denied overtime pay regardless of how many hours they were required to work. The federal Fair Labor Standards Act (FLSA) requires employers to pay employees overtime of time and one-half the normal rate for all hours in excess of 40 in a single workweek. A wrongful death lawsuit was filed July 20, 2005 in U.S. District Court by Florida Attorneys on behalf of the family of a Midland, Tex., man who died after being repeatedly shocked by a taser gun manufactured by Scottsdale, Ariz.-based Taser International Inc.
Kathi Hammock and her daughter claim that Taser International's device caused the death of Eric Hammock on April 3, 2005. Police officers shot Mr. Hammock with tasers multiple times after trying to arrest him for trespassing at a Fort Worth waste management facility.
U.S. District Judge Keith Ellison ruled that more than 11,000 former and current assistant managers who work at Starbucks around the country can join a lawsuit filed in Houston seeking unpaid overtime wages. A collective action has been filed in South Carolina against the School District of Oconee County. The action is brought on behalf of all former and current employees who have worked in excess of 40 hours a week, but who have not been paid overtime by the school district. The action is brought under the federal Fair Labor Standards Act and is seeking back pay as damages. A national collective action has been filed in Georgia against retail giant, Sears, Roebuck & Company. The action is brought on behalf of all U.S. residents who are currently, or have been, employed by Sears as hourly workers and who have not been paid overtime compensation for all hours worked in excess of 40 per week. The action is brought under the federal Fair Labor Standards Act and seeks back pay, statutory and liquidated damages as well as injunctive and declaratory relief. As collective action, all potential claimants must voluntarily join the action by "opting-in" to the case. The employees have requested that the court issue notice to all potential claimants. The Boeing Co. has agreed to pay $72.5 million to thousands of women to settle a class action action sex-discrimination lawsuit. The payout, revealed in documents filed Thursday in U.S. District Court in Seattle, is the maximum allowed under a settlement agreement that won preliminary approval from a federal judge last year.
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