Threat Of Worker Misclassification In Financial Services

Law360, New York (November 12, 2009, 1:19 PM ET) -- The wave of collective action lawsuits and U.S. Department of Labor audits brought under the Fair Labor Standards Act continues to crash down on employers. Indeed, a recent study indicates that the number of FLSA collective actions increased again in 2008, and this trend shows no sign of subsiding.

Moreover, the DOL’s Wage and Hour Division recently announced that it will hire an additional 200 investigators to step up enforcement of the FLSA.

Employers in the financial services industry have been particularly hard hit by claims...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles