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Overtime lawsuit settlement letter

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Nov 17, 2007 10:28 pm

I’m with CITI, and I filed the claim. If they have a problem with it, and try to intimidate me, that would be a whole 'nother lawsuit!

Nov 18, 2007 12:06 am

[quote=ezmoney]I have a friend that is a pretty high up attorney with BOA. He told me existing FAs with BOA best not file a claim. His legal dept. will keep a list of claiments if managers wanted to know which existing employees file. Just my 2 cents from the hourses mouth.[/quote] Are you out of your mind…

  This is a total lie, NO attorney would say a thing..lawsuit would be times 1000 if employee got canned after participating in the class.  It in fact would give better job security against getting fired.
Nov 18, 2007 2:03 am

They are not concerned with people who are not there anymore nor with intimidating them. That’s not the point. And I don’t believe they would fire anyone who would file although I would check the employment agreement you signed when you joined. They will keep a list of anyone who takes part while they are employed and some managers will store it in their memory.   This is a power move. They will use this in a political fashion within the office. Their only risk is that they are not subtle about it. Don’t bite the hand that feeds you, and BOA clearly thinks they feed you.

Nov 18, 2007 11:05 am

o.k then, go ahead and file the claim. I’m sure the little money is worth potentially losing your job and book of biz.

Nov 19, 2007 3:13 pm

They CAN NOT fire you for participating! Don’t take it, more for me.

Nov 26, 2007 1:20 am

Think about it - management cant even pull it together enough to align CM and FA comp - Do you honestly  think that they would feel that there would be some business merit in keeping track of who got their share of a settlement they are going to pay anyway?

  My manager told me that anyone who doesn't file would be an idiot for leaving the $ out there...
Nov 28, 2007 6:31 pm

Does anybody still have the paperwork. I think my wife pitched mine. Anybody remember what lawyer’s office it came from?

Nov 29, 2007 1:15 pm

nothing like throwing away a couple thousand dollars.

Nov 29, 2007 2:50 pm

[quote=southcampus]Does anybody still have the paperwork. I think my wife pitched mine. Anybody remember what lawyer’s office it came from?[/quote]

Are you always stupid, or were you just having a bad day when you left the paperwork sitting around in a random pile?

Nov 29, 2007 7:17 pm

I have copies, but I’m not gonna share with someone who wouldn’t guard it with their life.  I believe I’d punch my wife in the nose for that move! Happy holidays! btw, I’m sure one of your coworkers or ex-coworkers can get you the information. Now go home and punch your wife in the nose.

Dec 1, 2007 1:14 am
southcampus:

Does anybody still have the paperwork. I think my wife pitched mine. Anybody remember what lawyer’s office it came from?

  There is an 800 # on the paperwork.  Ask someone for the #.  I heard you can actually file over the phone.
May 19, 2008 10:30 am

Got my check over the weekend. It was even larger than what I had calculated using their formula (an extra 60%).  They also issued a W-2 and 1099 for parts of the settlement.

May 19, 2008 12:32 pm

got my check last Friday. A nice little $5500 payday. Looks like very few of those chicken sheet BAC employess didn’t make a claim. Too stupid to leave also.

May 20, 2008 1:13 am

Anybody know anything about the Smith Barney checks?

I checked the website and the BAC settlement was approved on March 24th, the SB settlement was approved before that, on March 13th. But still no SB checks, as far as I know. 
May 22, 2008 1:08 am

On the attorneys website, an update was just posted. I’ve pasted it below:

Citigroup (Smith Barney) (5-21-08) Nationwide

On March 13, 2008, the court gave final approval to this nationwide settlement. Settlement checks should be mailed by the end of June.