UBS Paying $89 Million to Settle Overtime Class-Action Suits
February 27, 2006
The $37 million Merrill Lynch settlement was just the tip of the iceberg. Earlier this month, financial services firm UBS AG agreed to pay up to $89 million to settle overtime wage disputes in a class-action lawsuit. The plaintiffs were employees, mostly financial advisors, who were improperly classified as exempt, made to work exhorbitant hours, and paid no overtime compensation. We are told that parties in several similar lawsuits are very close to announcing similar settlements.
I was employed at UBS as financial advisor from 1999 - 2001 in Buffalo NY. I have not received any $ re this class action law suit. Can anyone help me as to who to contact? [email protected], Curtis Lee, 904-594-6192. Thank you. 11/4/07
Posted by: Curtis Lee | November 04, 2007 at 07:03 AM