Bloomberg, Workers Move For $54.5M Settlement In OT Suit

By Dave Simpson (June 19, 2018, 10:17 PM EDT) -- Bloomberg LP and a class of help desk representatives moved for a $54.5 million settlement in New York federal court Tuesday in a suit alleging the company wrongfully excluded them from overtime pay, according to the joint motion for settlement.

Bloomberg analytics team members claimed in collective and class actions that they were misclassified as overtime-exempt and as a result were denied overtime pay. Above, Bloomberg's Sooner Than You Think technology conference, held in May. (Getty) Bloomberg analytics team members Eric Michael Roseman, Alexander Lee and William Van Vleet claimed in collective and class act actions lodged in April 2014 that they were misclassified as...

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