Bloomberg L.P. has agreed to settle the lawsuit detailed on this page for $3 million. More than 60 installation representatives who worked for the defendant in New York between June 2011 and November 2017 are covered by the deal.
The court’s order granting final settlement approval can be foundhere. United States Magistrate Judge Debra Freeman’s final judgment stating the settlement is fair, reasonable and adequate and dismissing the case with prejudice can be foundhere.
Bloomberg L.P. has been hit with a proposed collective action that claims it required employees to work more than 40 hours per week without paying them time-and-a-half overtime wages. The plaintiffs say they were employed as installations representatives and provided technical support to customers during the installation of the defendant’s financial software tools. According to the complaint, they began their work prior to their scheduled shifts, were often required to stay late, and were expected to work during meal breaks. The suit argues that, as a result, their weekly hours exceeded the 40 for which they were paid through their yearly salaries.