JPMorgan To Pay $16.7M In Worker Overtime Settlement

Law360, New York (November 6, 2017, 10:15 PM EST) -- JPMorgan Chase & Co. has agreed to pay a group of assistant branch managers $16.7 million to end lawsuits that accuse the banking giant of misclassifying them as overtime-exempt employees, according to the proposed settlement filed Friday in New York federal court.

One class, which brings claims under the Fair Labor Standards Act, and three putative classes, which claim violations of New York, Connecticut and Illinois laws respectively, will score on average more than $3,000 per member to cover unpaid overtime dating back to 2012, according...
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Case Information

Case Title

Taylor et al v. JPMorgan Chase & Co. et al


Case Number

1:15-cv-03023

Court

New York Southern

Nature of Suit

Labor: Fair Standards

Judge

Paul G. Gardephe

Date Filed

April 16, 2015

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