Former Employees File Unpaid OT Suit Against Bloomberg LP [UPDATE]
by Erin Shaak
Last Updated on May 8, 2018
Martinez et al v. Bloomberg L.P.
Filed: June 16, 2017 ◆§ 1:17-cv-04555
Bloomberg L.P. has been hit with a proposed collective action that claims it required employees to work more than 40 hours per week without paying them overtime wages.
Case Updates
Update – Lawsuit Settled for $3 Million
Bloomberg L.P. has agreed to settle the lawsuit detailed on this page for $3 million. More than 60 installation representatives who worked for the defendant in New York between June 2011 and November 2017 are covered by the deal.
The court’s order granting final settlement approval can be found here. United States Magistrate Judge Debra Freeman’s final judgment stating the settlement is fair, reasonable and adequate and dismissing the case with prejudice can be found here.
Bloomberg L.P. has been hit with a proposed collective action that claims it required employees to work more than 40 hours per week without paying them time-and-a-half overtime wages. The plaintiffs say they were employed as installations representatives and provided technical support to customers during the installation of the defendant’s financial software tools. According to the complaint, they began their work prior to their scheduled shifts, were often required to stay late, and were expected to work during meal breaks. The suit argues that, as a result, their weekly hours exceeded the 40 for which they were paid through their yearly salaries.
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