Law360, New York (November 21, 2008, 12:00 AM EST) -- Nearly 3,250 plaintiffs have voluntarily dropped out of multidistrict litigation accusing Allstate Insurance Co. of violating federal wage-and-hour laws, more than a year after a judge ruled that the company had properly classified three former employees in the suit as exempt from the overtime rules.
Judge Paul G. Rosenblatt of the U.S. District Court for the District of Arizona signed off on the order Wednesday, approving the voluntary dismissal of the 3,249 plaintiffs from the litigation.
The dismissals follow an August order to show cause that...
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.