Merrill Lynch Associate Sues Over 'Unfair' Pay Method

Law360, New York (June 14, 2011, 5:01 PM EDT) -- A veteran employee of Merrill Lynch & Co. Inc. lodged a complaint in New York on Thursday, claiming the financial firm's “supplemental compensation” policy not only denies a proposed class of client associates proper overtime pay, but also discriminates against female workers.

Nancy Martignago, who joined Merrill Lynch in 1985, is challenging the way the firm pays client associates, who assist financial advisers. A typical client associate receives a small salary from the firm but makes the bulk of his or her pay from a percentage...
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