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Zeltser et al v. Merrill Lynch & Co., Inc. et al
Case Number:
1:13-cv-01531
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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May 08, 2014
Merrill Lynch To Pay $7M To Settle Advisers' OT Claims
Merrill Lynch & Co. Inc. has agreed to pay $6.9 million to settle a proposed wage-and-hour class action brought by current and former financial advisers who accused the company of misclassifying them as exempt from overtime, according to documents filed Wednesday in New York federal court.
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September 11, 2013
Merrill Lynch Can't Force Arbitration Of Wage Class Action
Merrill Lynch & Co. Inc. failed to convince a New York federal judge to force financial advisers who filed a proposed wage-and-hour class action against the company to arbitrate their dispute, after the judge found the Financial Industry Regulatory Authority rules that governed the agreement between the parties forbade arbitration.