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Hedge Fund Accountants Sue JP Morgan For Overtime

Law360 (April 27, 2008, 12:00 AM EDT) -- The list of employment suits against JP Morgan Chase & Co. got a little longer last week, as a former employee filed a putative class action alleging the firm fails to pay its hedge fund accountants overtime.

Damian Hendricks' individual action and proposed class and collective actions, filed Wednesday in the U.S. District Court for the District of Connecticut, claim that the firm wrongly classified its fund accountants as exempt from overtime compensation, in violation of federal labor law and Connecticut state wage-and-hour laws.

The plaintiff...
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