Edward Jones Settlement Checks
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So it’s $27.67/month for how many months? I need to know if I can afford one bottle of Grey Goose or a case of the delicious nectar.
Did you even read your notice?!?!? It stated the number of months that EJ said you worked for them. There was also a section where you could dispute the number of months if you disagreed and provide proof.
Why the hell would I read the notice. Class action lawsuit, sign it and get ready to live. BTW mr. 9 posts you could have just said:
"It stated the number of months that EJ said you worked for them. There was also a section where you could dispute the number of months if you disagreed and provide proof". Didn't have to go the A-HOLE route. Funny how people communicate with others on a forum, never the way you'd talk to someone face to face. Not if you didn't want your a** kicked!Mine arrived today. $758 after withholding. I was there until about 6 months before the settlement period ended I think.
I also talked with a ex-Jones buddy today. He got his and it was $758.90 He left Jones in Jan 2008.
Got mine today … $788.52 gross / $492.43 net. What gives? I was there for the full 55 month period…
You must not have worked overtime each and every month!Got mine today … $788.52 gross / $492.43 net. What gives? I was there for the full 55 month period…
My mistake - Got another check in the mail today from the Administrator for $788.52. The first check was from Jones and was the wages portion. The new check is for damages, and is the same gross amount as the check from Jones, only with no withholding.
Quite a bit less than the $2k that they were originally throwing out to everyone. But, still better than a sharp stick in the eye.
I received my check today. The total was 1162.03. 50% percent penalties, and 50% wages. Taxes were withheld on wages leaving a net of 940.03. This was all on one check from the administrator.
Mine came in 2 checks - one from Jones with taxes withheld (even came with a normal-looking paystub), and one came from the administrator (same gross amount as the Jones check, but no taxes withheld). The one from the administrator came with a 1099 misc. I wonder why mine came in 2 checks, while others came in one??
BTW, I've been with Jones for over 10 years. I know of several FA's who didn't want to take the check - not out of fear of retribution, but out of "loyalty" to the firm.I understand loyalty, but I earned about one dollar for every 100 steps I took doorknocking. :0)
I am wondering if 2 checks come to those still with Jones and the single checks from the law firm go to those that left. I’m only basing that on myself and a few friends, so far that rule applies.
Any exceptions?
Or even better, does anyone know the actual reasoning behind it?
I’m only curious to know if I should expect another check.
I bet it those that still work for EJ will get two checks. I received one check and my friend who also used to work there received only one. The earlier post about the monthly amount was wrong. The $27.64 (or whatever the cents part was) is the gross figure before taxes.
Sorry, I meant...I bet the separate checks are for those that still work for EJ.I bet it those that still work for EJ will get two checks. I received one check and my friend who also used to work there received only one. The earlier post about the monthly amount was wrong. The $27.64 (or whatever the cents part was) is the gross figure before taxes.
From what I’ve heard, you seem correct…two checks for current employees and one for formers.
ours came yesterday as well. "ours" meaning mine and my significant others (female). as formers we got one check each for the same amounts $1200 gross, $1000.62 net.
$2000 for the household.