Ex-UBS Financial Adviser Files Overtime Class Action

Law360, New York (April 6, 2011, 1:33 PM EDT) -- UBS Wealth Management Americas was slapped with a putative class and collective action in New York on Monday accusing the company of failing to pay financial advisers overtime and taking unlawful deductions from workers' wages.

Former UBS employee Larry LaVoice filed his complaint in the U.S. District Court for the Southern District of New York against UBS Wealth Management, UBS Group and parent company UBS AG.

LaVoice regularly worked more than 40 hours per week, but was not paid for hours worked beyond that 40-hour threshold,...
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