Dresdner Kleinwort Settles FLSA Class Action

Law360, New York (October 23, 2009, 1:01 PM EDT) -- British investment bank Dresdner Kleinwort Services LLC and outsourcing firm Netfabric Technologies Inc. have settled a putative class action involving overtime pay, unpaid severance packages and breach of contract claims brought against them under the Fair Labor Standards Act.

The U.S. District Court for the Southern District of New York on Thursday dismissed all claims with prejudice and ordered both sides to bear their own expenses and costs, including attorneys' fees.

Terms of the settlement were not disclosed, but the case involved outsourced workers and unpaid...
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