ML Stern, Ex-Brokers Come To Terms In OT Dispute

Law360, New York (August 10, 2009, 2:09 PM EDT) -- Investment and securities brokerage firm M.L. Stern & Co. LLC and its former brokers are asking a federal district court for final approval of a $946,000 settlement that would resolve an overtime class action.

The motion for final approval, filed in the U.S. District Court for the Southern District of California, said the court should sign off on the settlement because of the positive response from class members and the risk, expense and complexity of further litigation.

“There's been certainly some precedent set in these broker-house...
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