Any overtime class action in NY?

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Aug 2, 2006 10:33 am

Gents, I hear alot about firms in California settling broker overtime cases brought by Mark Thierman, But are there any cases pending in NY?


Does anyone know how much the reps in CA received from the settlement?   Thanks


Aug 3, 2006 11:57 pm

around 300.00 per month you were employed at these whorehouses...I mean wirehouses, sorry.

Aug 4, 2006 11:12 am

I read in an article on the home page that he (mark theirman) is bringing some more class action suits against firms in NY.  Here is a link to the article http://registeredrep.com/mag/finance_wall_street_wage/index. html  

Aug 7, 2006 11:28 am
fritz:

around 300.00 per month you were employed at these whorehouses...I mean wirehouses, sorry.


A word of advice.  If you become a member of the class in a class action against your employer you will ruin your ability to advance within that firm and/or may even affect your ability to make a smooth transition to another firm.


Additionally you will be doing the equivalent of painting a big target on your back.


Is that worth $300?


The only people who benefit from the class action torts are the attorneys.

Aug 7, 2006 11:53 am

On this point, Putsy, I agree with you completely.

Aug 8, 2006 2:48 pm

A.G. Edwards' case in the overtime class action suit was not dismissed.  I just read the article on the registered rep home page.  apparently  they now have to decide if they want to proceed or if they are going to settle.
http://www.registeredrep.com/news/AGE-OT-argument

Aug 8, 2006 3:00 pm
NASD Newbie:
fritz:

around 300.00 per month you were employed at these whorehouses...I mean wirehouses, sorry.


A word of advice.  If you become a member of the class in a class action against your employer you will ruin your ability to advance within that firm and/or may even affect your ability to make a smooth transition to another firm.


Additionally you will be doing the equivalent of painting a big target on your back.


Is that worth $300?


The only people who benefit from the class action torts are the attorneys.



I agree.  If $300 is such a big deal, then you're not doing well as an advisor and will probably be out on the street in ragged clothes humming the Knight Rider theme song to passers-by.