Ryan Beck, Workers Seek OK On $1.3M FLSA Settlement

Law360, New York (November 4, 2009, 5:34 PM EST) -- Ryan Beck Holdings Inc. and a group of employees suing it for alleged violations of the Fair Labor Standards Act have lodged a joint motion asking a New York federal court to conditionally approve class certification for the purposes of executing a $1.3 million settlement.

The motion, submitted Tuesday in the U.S. District Court for the Southern District of New York and signed by attorneys for both sides, seeks approval of a conditional class “for settlement purposes only,” as well as approval of a settlement for...
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