Merrill Lynch Sales Associates File Class Action Suit for Overtime

Sales assistants at Merrill Lynch have filed a class action lawsuit seeking unpaid overtime compensation.  Sales assistants at Merrill are paid a base salary of $25,000 to $40,000, which is supplemented by bonuses from the financial advisors for whom they work more directly. The suit claims that Merrill Lynch followed a policy of refusing to allow sales associates to record all of their hours worked, even though that routinely exceeded 40 hours per week.

Source: RegisteredRep.com

Both the federal Fair Labor Standards Act and Kentucky law require that non-exempt employees be paid at an overtime rate for all hours more than 40 that they work in a work week.

Lexington, Kentucky overtime lawyer Robert Abell represents employees seeking payment of wages and overtime compensation; contact him at 859-254-7076.