Proposed Class Sues AXA For Labor Practices

Law360, New York (August 27, 2007, 12:00 AM EDT) -- A former financial services professional has filed a proposed class action lawsuit against AXA Equitable Life Insurance Co. alleging it violated fair labor standards by not paying overtime and meal compensation.

The suit, which was filed Friday in the U.S. District Court for the Northern District of California, accuses the unit, as well as AXA Advisors LLC and AXA Financial Services LLP of violating the Fair Labor Standards Act.

A spokeswoman for AXA, which is one of the world's largest insurers, denied the allegations Monday. “The...
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.