Morgan Stanley overtime settlement

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Feb 15, 2009 8:42 pm

Any word on when the Morgan Stanley overtime settlement checks will be sent?

Feb 16, 2009 11:47 am

it is like 50 bucks a month right?

Feb 24, 2009 1:25 pm

Anyone????

Feb 24, 2009 5:11 pm

There's a new court date set up for this week, on Friday, February 27th.......


Looks like they will extend cut off date for people to sign on to the class action........seems they didn't get enough people for the judge to let it proceed.
 
My guess is they let people who signed on already stay on (no new paperwork), choose a cut-off date for additional people to sign on..........and if they get enough, move forward and start cutting checks.
 
I think May or June is best case but still realistic scenario for checks to go out.
 
Here's the link to the law firm's case:
 
http://www.whafh.com/modules/case/index.php?action=view&id=854
 
If you discover anything else, please follow up and post as well.........I plan on checking the firm's web page on the case again in a week or two.....hopefully it'll be updated by then......if not, the other options are to call Rust Consulting or call the law firm and see what they say.
 
Jul 17, 2009 11:51 pm

Judge Benitez signed off on the settlement on the 13th of July.


If there are no appeals then checks should begin to go out by the end of August 2009.


Or so I was told by plaintiffs lawyers.


Jul 21, 2009 12:00 am

It's about time.

Aug 10, 2009 3:21 pm

Who are the plaintiffs lawyers? Is there a telephone number to call to get an update?

 
 
Aug 14, 2009 12:51 am

will never see money...ever

Aug 14, 2009 10:15 am
Don Draper:

will never see money...ever

 
Why do you say this? According to the administrator, the final order was signed can't be appealed) and the checks are due to be mailed the first part of September.
Aug 19, 2009 8:47 pm

Relevant link is:

http://www.whafh.com/modules/case/index.php?action=view&id=854

Relevant paragraph is:

On July 13, 2009, the court approved the settlement. The Effective Date
passed on August 12, 2009 and checks will be mailed on September 1,
2009. To see a copy of the final order, click here.

However, I'm not going to believe it until the check clears.

Aug 20, 2009 9:16 pm

So... is this considered taxable income because it's making up for overtime that should have been paid, or is it exempt from taxes because it's a settlement from a lawsuit?

Aug 24, 2009 7:32 am

Its been a year since a read the thing, but I believe part is taxable and part is not.

Sep 2, 2009 11:45 pm

very curious to see if these checks show up this week

Sep 3, 2009 3:33 pm

What dates does the settlement include?  How far back does it go?

Sep 3, 2009 10:51 pm

Check was in the mailbox today. The attached W-2 showed taxes on 50% of the total amount, which was the amount considered to be pay.  The 50% penalty paid by Morgan Stanley was not taxed.

Sep 4, 2009 8:13 am
Popeye $:

Check was in the mailbox today. The attached W-2 showed taxes on 50% of the total amount, which was the amount considered to be pay.  The 50% penalty paid by Morgan Stanley was not taxed.

 
 
Where was it mailed from? Did it come as a tear-apart check, or was it in an envelope? Seriously, I don't want to mistake it for junk mail and accidentally throw it away.
Sep 7, 2009 10:06 pm
IndianaJones:
Popeye $:

Check was in the mailbox today. The attached W-2 showed taxes on 50% of the total amount, which was the amount considered to be pay.  The 50% penalty paid by Morgan Stanley was not taxed.

 
 
Where was it mailed from? Did it come as a tear-apart check, or was it in an envelope? Seriously, I don't want to mistake it for junk mail and accidentally throw it away.



The check came in an envelope. I did not look at the postmark but the law firm was based in the Twin Cities, so I think the check was mailed from there.

Sep 8, 2009 8:51 pm

just got mine today!!! 

Sep 8, 2009 9:33 pm

got paid