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Passing fines onto employees in the finance industry may be on the rise. Companies such as Morgan Stanley, Goldman Sachs, and UBS that have been probed and fined recently by the SEC for misuse of personal devices. Some of these financial firms are now looking into offloading these fines onto their employees. In 2021, the SEC launched an investigation into banks to see if they had been properly monitoring their employees’ conversations regarding official business. This past September, the agency ended up fining 16 financial institutions, including some big-name banks, $1.8 billion after evidence of employees discussing business deals and trades on personal devices ...

Timesheet rounding for workers is unfortunately a common tactic used by employers to save on labor costs at the expense of their employees. Companies in the retail industry that require their employees to clock-in and out of their shifts often times resort to rounding their worker’s times spent completing their shifts. This often results in employees’ pay being less than what they should be. Recently, the home improvement giant, The Home Depot, came under fire for rounding it’s workers time to calculate their pay. Several lawsuits against the retailer alleged that ...

Amid the growing concerns of a recession, many industries are finding themselves impacted by significant job cuts. Recently, higher-paid, white collar banking and finance employees have been on the receiving end of these financial firm layoff announcements. The financial services industry has recently announced a wave of thousands of job cuts given the slowing economy and warns they may continue to come. This comes after more than 24,000 jobs were cut last year, a whopping 127% increase compared with 10,784 job losses in 2021.

Financial firm layoffs can be seen in the lending and credit sectors as well as the investment banking divisions. Top names in the industry such as Citigroup, Morgan Stanley, Goldman Sachs, ...

Tipped workers for a BBQ chain restaurant based out of Maryland have recently settled claims of owed wages under the Fair Labor Standards Act (“FLSA”). These tipped workers alleged that Famous Dave’s BBQ, owned and operated by Famous Dave’s of America, Inc., failed to properly pay them for minimum and overtime wages. The nearly $1 million settlement will resolve these claims and affect a class of about 680 current and former tipped workers in server and bartender positions at any of the Famous Dave’s of America, Inc. run ...

An overtime pay misclassification lawsuit against a big-name financial firm has recently resolved claims of owed wages. This firm, Merrill Lynch, Pierce, Fenner & Smith, is globally noted as one of the largest banks and brokerage firms and the investment and wealth management division of Bank of America. The collective action lawsuit against Merrill Lynch was filed under the Fair Labor Standards Act (“FLSA”) and settled claims of unpaid overtime for $3.4 million. Affected employees for these claims include all current ...

Pepsi, the multinational beverage and snack producer, has resolved claims of unpaid wages for nearly $13 million after a New York federal judge preliminary approves the deal. Approximately 70,000 current and former hourly employees who were employed by Pepsi between December 1, 2021 and the present stand to benefit from the $12.75 million settlement. The case, originally filed January of this year, alleged that a widespread Kronos hack, that caused an outage of Pepsi’s timekeeping system for several months, caused them to incorrectly keep track of their employees’ schedules resulting in significant underpayment.

The lawsuit specifically alleged that after the Kronos cyber security ...

Hourly employees at doughnut chain, Krispy Kreme, have recently resolved claims of unpaid wages. A settlement of over $1.1 million will end allegations that Krispy Kreme failed to pay its hourly employees all of their overtime wages under the Fair Labor Standards Act (“FLSA”). More than 500 workers at 242 Krispy Kreme locations nationwide stand to benefit from the $1,187,757 payout. 

The Department of Labor launched an investigation into a Louisville, Kentucky location of Krispy Kreme less ...

Delivery drivers for Papa John’s have reached a significant settlement amount for owed wages. The collective of pizza drivers are presenting the $20 million deal to a federal judge in New York for approval ending claims that they were incorrectly reimbursed for out of pocket vehicle expenses accrued while completing job duties. Workers for Papa John’s International, Inc.(“PJI”) throughout at least seven states, including Colorado, Florida, Illinois, Kentucky, Maryland, Minnesota and Missouri,stand to benefit from this settlement. The lawsuit was originally filed six years ago under the federal Fair Labor Standards Act (“FLSA”) and several state ...

Weekly pay lawsuits have increased recently and despite several attempts to dismiss workers claims, courts have denied these motions and kept these claims alive. Hourly employees for retail giants, such as Zara USA Inc. and Walmart, have been able to continue forward with their case for untimely pay after being paid biweekly instead of weekly. Hourly workers in the retail industry, as well as other manualworkers in New York State, should be paid their wages within seven calendar days after the end of the week in which these wages were earned as required by the New York Labor Law (“NYLL”).

The NYLL protects manual workers in ...

Hospital workers for Aurora Health Care Inc. have settled their class action lawsuit alleging owed wages under the Fair Labor Standards Act (“FLSA”). The nearly $9 million payout will resolve claims that the medical service provider failed to pay its hourly employees for regular hours as well as overtime pay. The Aurora Health Care system employs individuals in 16 hospitals, 70 pharmacies and over 150 clinics in eastern Wisconsin and northern Illinois. Affected employees include hourly workersthat were employed by Aurora Health Care locations inWisconsin between August 14, 2017 and December ...