Merrill Lynch Fails To Shake Suit Over Tardy Wage Payments

Law360, New York (May 11, 2012, 1:38 PM EDT) -- Merrill Lynch Pierce Fenner & Smith Inc. on Thursday lost its bid to boot a class action accusing it of failing to promptly pay commissions to departing employees, after a California federal judge disputed the bank’s interpretation of the state’s labor codes.

The Bank of America Corp.-acquired company was denied its motion to dismiss a putative class action brought by former Merrill Lynch financial adviser John Robert Labriola, who says his erstwhile employer violated a number of state laws by taking too long to pay out...
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Case Information

Case Title

Labriola v. Bank of America, National Association


Case Number

4:12-cv-00079

Court

California Northern

Nature of Suit

Labor: Other

Judge

Claudia Wilken

Date Filed

January 4, 2012

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