Morgan Stanley Workers Win Cert. In OT Collective Action

Law360, Los Angeles (February 7, 2013, 7:36 PM EST) -- A New York federal judge on Thursday conditionally certified a Fair Labor Standards Act collective action accusing Morgan Stanley & Co. LLC of shorting its client services associates on overtime pay, finding the plaintiffs had adequately claimed they were subject to an unlawful overtime policy.

U.S. District Judge Richard J. Sullivan ruled the plaintiffs, current and former client services associates employed by Morgan Stanley throughout most of the U.S., had sufficiently alleged they were subject to an unofficial overtime policy that stiffed them on overtime pay...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Amador v. Morgan Stanley & Co. LLC


Case Number

1:11-cv-04326

Court

New York Southern

Nature of Suit

Labor: Fair Standards

Judge

Richard J. Sullivan

Date Filed

June 27, 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.