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ARTICLE · 10 OCTOBER 2007

Time Is Money - October 2007

Waller Lansden Dortch & Davis
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In this issue: Overtime Suite Hits Financial Sphere for $14 Million; "Volunteer" or "Work" Time? and FLSA Cases Continue to Rise .

United StatesEmployment and HR
Andrew Naylor
Andrew Naylor

In this issue: 

  • Overtime Suite Hits Financial Sphere for $14 Million

  • "Volunteer" or "Work" Time?

  • FLSA Cases Continue to Rise 

Overtime Suit Hits Financial Sphere For $14 Million

Wage and hour class actions are not limited to retail, manufacturing and food service employers.  In the last few years, these lawsuits have quickly found their way into all types of service industries.  Many recent examples of this type of case have involved large insurance companies settling very high-profile class actions regarding their adjusters and customer service associates.  

Another recent example involved an Arlington, Virginia investment bank that settled two wage and hour putative class actions last month for $14 million.  The cases alleged the lender's loan officers, loan processors and account managers worked more than 40 hours per week without overtime compensation and were not allowed to take their required meal and rest breaks during their shifts.  They also

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