Get more! Sign up for PLANSPONSOR newsletters.
Benefits December 19, 2003
JPMC Workers Sue for Back Wages
December 19, 2003 (PLANSPONSOR.com) - A group of
current and former employees has sued J.P. Morgan Chase &
Co., seeking back pay for overtime they say the banking
company never paid them.
Reported by
Fred Schneyer
Tracie Cooper, a J.P. Morgan account officer; Peter Gary McIntyre, a J.P. Morgan associate; and Janne Peltier, a former client services officer, filed the lawsuit seeking class-action status in federal court in New York, according to Dow Jones.
The employees claim that J.P. Morgan for at least three years prior to the complaint has violated the Fair Labor Standards Act by misclassifying low-level employees as salaried-exempt employees and, as a result, not paid them overtime.
Cooper has worked at J.P. Morgan since 1996; McIntyre since 1994. Peltier worked at the company from 1994 to 2002.
« Segal: FAS 106 Impact of Medicare Act Will Not Be Felt in 2003