Citigroup Charged With Withholding Overtime Pay

Law360, New York (May 4, 2007, 12:00 AM EDT) -- A federal class action suit was filed Tuesday against Citigroup, alleging the financial services company has illegally avoided paying many employees overtime wages by deliberately misclassifying them as exempt from overtime pay under the Fair Labor Standards Act and the New York State Labor Law.

The plaintiffs, defined as all Citigroup employees who were wrongly exempted from receiving overtime, are seeking compensation for overtime denied (and interest potentially accrued on these lost wages) over the past three years—-the statute of limitations on FLSA wage-and-hour violations—-as well...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.