Mediation Fails To End AllianceBernstein OT Suit

Law360, New York (June 28, 2010, 5:18 PM EDT) -- Following a failed attempt at mediation, a former associate portfolio manager at AllianceBernstein LP who filed a collective action against the troubled investment management firm is being allowed to resume discovery into claims the company violated the Fair Labor Standards Act and New York labor law.

Judge Victor Marrero of the U.S. District Court for the Southern District of New York on Monday lifted a partial stay on discovery that the court put into place after AllianceBernstein and former employee Jason Silverstein agreed to enter into...
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