Accountants Target HSBC In Overtime Action

Law360, New York (November 7, 2011, 5:41 PM EST) -- An HSBC Bank USA NA fund accountant hit the bank with a proposed class action on Friday, alleging HSBC failed to compensate employees in its New York office for overtime they worked.

Senior fund accountant Cesar Vargas lodged a suit in New York federal court on behalf of more than 40 current and former fund accountants who have worked at the bank’s Madison Avenue office in New York in the past three years.

Vargas claims HSBC maintains an unlawful policy that all fund accountants working in...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Vargas v. HSBC Bank USA, N.A.


Case Number

1:11-cv-07887

Court

New York Southern

Nature of Suit

Labor: Fair Standards

Judge

Deborah A. Batts

Date Filed

November 3, 2011

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.