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Suit Alleges J.P. Morgan Failed To Pay Overtime

Law360 (October 9, 2006, 12:00 AM EDT) -- J.P. Morgan Chase & Co. has become the latest investment bank accused of failing to pay its brokers fair overtime wages as the target of a lawsuit seeking class action status that alleges the company’s overtime policies violate the Fair Labor Standards Act.

The suit alleges that J.P Morgan failed to pay its brokers appropriate wages for overtime hours.

Plaintiffs also allege that they were “subjected to unlawful deductions from their pay by defendants and/or were unlawfully compelled to pay for defendants’ business expenses and were...
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