Posted On: December 23, 2008 by David H. Greenberg

JPMORGAN CHASE FORMER EMPLOYEES SUE OVER ALLEGED DENIAL OF OVERTIME PAY

A federal judge recently ruled that two former brokers for JPMorgan Chase & Co can sue over allegations that JPMorgan illegally denied them overtime pay. The former employees contend that they were awarded on a commission basis and that they were wrongly denied pay for hours worked beyond a 40 hour work week. The employees also argued that when customers challenged transactions executed by the brokers, JPMorgan Chase wrongly deducted the losses from the worker’s compensation. JPMorgan Chase was not available for comment.

Under federal law, certain hourly employees who work over 40 hours in one week must be paid at least one and one-half times his or her regular rate of pay for every hour worked over 40. CA has even more protective overtime laws for employees.

If you are worker in the Bay Area, and you believe that your employer is not paying you proper overtime, contact Law Offices of David H. Greenberg, LLP. We are a team of professional and skilled attorneys that can help you. Call us at (1-888-204-1014) for a free consultation. You can also visit us at www.discriminationattorney.com to learn more.