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.
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