Denied Overtime as a JP Morgan Business Banker?
Last Updated on June 26, 2017
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At A Glance
- This Alert Affects
- JP Morgan business bankers who were denied overtime pay.
- Damages
- Employees who were wrongfully denied overtime pay may be able to make a claim for up to three years of unpaid overtime, as well as liquidated damages and attorneys' fees and costs.
- Company(ies)
- JP Morgan
- Additional Details
- Employers are prohibited from taking retaliatory action against employees who exercise their rights under wage and hour law.
- Date
- Business bankers who file unpaid overtime claims are generally able to seek up to two years of unpaid overtime. However, if their employer's violations were willful, they may be entitled to an additional year of back wages.
JP Morgan Business Bankers: If you have worked more than 40 hours a week without overtime pay, you may be able to file a claim seeking up to three years of unpaid overtime. Business bankers, even those paid on a salary basis, are generally eligible to receive time-and-a-half wages for their overtime hours, and may have legal recourse when they are denied the overtime compensation to which they are entitled. Potentially, an overtime lawsuit could provide a business banker the chance to seek twice the amount of overtime wages originally owed to them, dating back two to three years..
Unpaid Overtime Claims: Business Bankers
Commonly, when a business banker is wrongfully denied overtime pay, they have been misclassified. According to federal overtime law, there are two types of employees – those who are eligible for overtime pay (non-exempt employees) and those who are not eligible for overtime pay (exempt employees). Ineligible, or exempt, employees generally fall into one of five categories: executive; administrative; learned/creative professional; outside sales; or computer professionals. When an employee does not meet the requirements of one of these exempt categories, but is filed there anyway, they are said to have been misclassified. Business bankers who have been misclassified are generally improperly placed into the administrative exemption, even though they may not meet the requirements of this group of exempt employees.
Overtime Lawsuits for Misclassified Business Bankers
Business bankers who have been misclassified or otherwise denied overtime pay to which they are entitled may have legal recourse to seek financial compensation. An unpaid overtime lawsuit provides these individuals the chance to file a claim for up to three years of unpaid overtime, plus an amount matching this in liquidated damages. In other words, they may be able to receive twice the amount of unpaid wages recovered through the overtime lawsuit.
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