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PONTILENA v. MORGAN STANLEY SMITH BARNEY LLC
Case Number:
2:11-cv-03121
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
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February 28, 2017
NJ Judge Axes Vestiges Of Morgan Stanley Advisers' OT Suit
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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April 11, 2016
Morgan Stanley Financial Advisers Lose OT Cert. Bids
A New Jersey federal judge on Monday refused to certify three putative class actions in multidistrict litigation accusing Morgan Stanley Smith Barney LLC of failing to pay financial advisers overtime wages, ruling they can't meet the requirement that common issues predominate.
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May 20, 2014
Wage Deduction Claim Cut From Morgan Stanley OT Suit
A New Jersey federal judge overseeing multidistrict overtime litigation against Morgan Stanley Smith Barney LLC ruled Tuesday that the company's failure to reimburse certain business expenses incurred by financial advisers did not amount to indirect wage deductions illegal under New York state law, trimming that claim from the case.
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December 04, 2013
Morgan Stanley Gets Advisers' Overtime MDL Cut Down
The New Jersey federal judge overseeing multidistrict overtime litigation against Morgan Stanley Smith Barney LLC tossed all but one of the claims that the company took illegal deductions from financial advisers' wages, ruling Wednesday that the claims weren't adequately alleged.
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May 29, 2013
Morgan Stanley Workers Fight Dismissal Bid In Wages MDL
The New Jersey federal judge overseeing multidistrict overtime litigation against Morgan Stanley Smith Barney LLC should leave claims that the company took illegal deductions from wages intact, the plaintiffs said Tuesday, arguing that their allegations were sufficient to survive the company's dismissal bid.