NJ Judge Axes Vestiges Of Morgan Stanley Advisers' OT Suit
By Braden Campbell ( February 28, 2017, 7:34 PM EST) -- A New Jersey federal judge tossed what remained of multidistrict litigation encompassing four Morgan Stanley Smith Barney LLC financial advisers' claims they were stiffed on overtime in violation of federal and state labor law Tuesday, saying other courts and the U.S. Department of Labor are clear that financial advisers are exempt from extra pay....
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