Broker Overtime Class Actions

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May 25, 2006 4:45 pm

Hi Guys,


During the past 8 years, I have worked for both Merrill Lynch and Smith Barney in New York City. Can anyone tell me how I can join a class action (if there is one) for my overtime pay? Thanks!

May 25, 2006 8:34 pm

Why don't you file your own suit, so you actually get something?

May 25, 2006 8:42 pm

The RR mag article said broker stand to get almost $30k. That sounds like something to me!

May 25, 2006 8:57 pm
sbbroker:

The RR mag article said broker stand to get almost $30k. That sounds like something to me!



Join the class then. I really don't give a damn. I just wanted to give you an idea that would make you more money. Since you have way more life experience than I do, I'll defer to your wisdom.

May 25, 2006 10:31 pm
remotecontrol:
sbbroker:

The RR mag article said broker stand to get almost $30k. That sounds like something to me!





Join the class then. I really don't give a damn. I just wanted to give you an idea that would make you more money. Since you have way more life experience than I do, I'll defer to your wisdom.



Aug 17, 2006 6:27 pm

I just joined this message board and was somewhat surprised to read some of the discussion regarding broker overtime lawsuits; some people are just legitimately interested in learning more, and that's great, but others seem irritated at the advent of these cases and their reasons are curious.


Anyway, having read the thread here, I think I should set the record straight.  Our California law firm is one of the firms handling some of these cases.  Believe me when I tell you that our goals here are only to get brokers paid for the long hours we know they work.  It's really that simple.  Of the scores of class actions (mostly outside of the financial services industry, since few of these broker cases have been filed thus far) we have prosecuted, class members that are part of those settlements oftentimes receive well in excess of a few thousand dollars and sometimes tens of thousands of dollars, so these cases are extremely rewarding for them (and without any work other than submitting a one page claim form).  Getting such a check without even knowing their employers were cheating them is a nice surprise.


Moreover, the law is very clear about overtime pay in the financial services industry, far clearer than in most other industries and, as such, these cases sometimes settle relatively quickly.  It may seem like a hassle to punch a time clock, but let's be serious; how much work is punching a time clock when you're then able to collect your overtime pay plus your commissions?  The opposition to the concept of getting overtime pay is the result of years of brainwashing by employers that it is more prestigious not to get paid for all your long hours.  It's a "bill of goods" employers have sold to their workers for decades and it has got to stop.  Don't buy into such a self-serving concept.  You worked the hours; you should get fully paid for them.


I am happy to talk to anyone interested in learning more about these cases or discussing their company's practices.  We're located on the web at www.scalaw.com or at (510) 891-9800


-Scott Cole, Esq.  ([email protected])

Aug 17, 2006 6:34 pm

This sleaze is posting his commercial on all of the threads on this forum--if you're intersted in the unintended consequences of dealing with this ilk search for the thread elsewhere.

Aug 17, 2006 9:43 pm
ClassCounsel:

 I am happy to talk to anyone interested in learning more about these cases or discussing their company's practices.  We're located on the web at www.scablaw.com or at (510) 891-9800


-Scott Cole, Esq.  ([email protected])



Scott-


Few questions.  What is your cut of the class action? (ie.- I get 30k check, you get..?)  All the scum lawyers in Florida have 800 numbers, why not Calif?  Do you handle motorcycle accidents too?

Aug 19, 2006 1:21 am
sbbroker:

Hi Guys,


During the past 8 years, I have worked for both Merrill Lynch and Smith Barney in New York City. Can anyone tell me how I can join a class action (if there is one) for my overtime pay? Thanks!



How about if you get a real job and work to EARN your money....?