Merrill Lynch To Pay $12M To Settle OT Suit

Law360, New York (February 15, 2013, 7:34 PM EST) -- Merrill Lynch & Co. Inc. agreed Friday to pay $12 million to settle a class and collective action lawsuit in New York federal court alleging the Bank of America Corp. subsidiary failed to pay proper overtime to its client associates.

The settlement, which must be approved by a judge, is intended to compensate client associates who worked for Merrill Lynch between 2010 and 2012, although the period is longer for employees in California, New York, Maryland and Washington. Merrill Lynch was accused of violating the federal...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Martignago v. Merrill Lynch & Co., Inc. et al


Case Number

1:11-cv-03923

Court

New York Southern

Nature of Suit

Labor: Fair Standards

Judge

Paul G. Gardephe

Date Filed

June 9, 2011

Law Firms

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.