We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Employee Misclassification In Finance, Consulting

Law360 (May 4, 2009, 12:00 AM EDT) -- Hardly a week goes by without a news article about a U.S. Department of Labor investigation or a collective action concerning the misclassification of employees under the Fair Labor Standards Act.

Although these FLSA actions cut across a wide swath of industries, traditionally white collar industries, such as the financial services and consulting industries, have experienced much recent activity concerning misclassification issues.

As examples of this activity, in March 2009, Merrill Lynch & Co. agreed to pay 60 employees called "senior specialists" a total of $517,000...
To view the full article, register now.
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.