The overtime lawyers working with IQOvertime.com are available to review unpaid overtime claims from derivatives specialists who regularly work more than 40 hours a week and have been denied overtime pay. Unless specifically exempt from overtime law, derivatives specialists should receive 1.5 times their regular rate of pay for every hour worked in excess of 40 during a single workweek. If you have been denied overtime pay as a derivatives specialist, visit http://www.iqovertime.com/derivatives-specialists-unpaid-overtime--41231.html to receive a free case review of your potential unpaid overtime claim.
Overtime violations are not uncommon in the financial services industry, and derivatives settlement specialists are among the employees who are most commonly subjected to these illegal wage and hour practices. In fact, in August 2010, a group of derivatives specialists reached a settlement in two proposed class actions which alleged that their employer, Merrill Lynch, wrongfully denied them overtime wages. The plaintiffs in the
overtime case described themselves as “back office” workers who regularly worked in excess of 40 hours per week. The workers were responsible for processing transactions, settling payment disputes and inputting data, among other tasks. While the plaintiffs received an annual salary of $65,000 to $70,000, they claimed that they were eligible for overtime pay because their job duties did not qualify them for an overtime exemption. Typically, to be exempt from overtime wages, an employee must earn a salary of at least $23,000 per year and perform the job duties of an exempt employee.
Derivatives specialists who were
denied overtime pay may be able to file lawsuits to collect up to three years of unpaid overtime, as well as an equal amount in liquidated damages and attorneys’ fees. To find out if you are eligible to participate in an unpaid overtime lawsuit, visit http://www.iqovertime.com/ and complete the free case evaluation form. The
overtime attorneys working with IQOvertime.com are offering this online consultation at no cost and remain dedicated to protecting the rights of derivatives settlement specialists and other employees who were wrongfully denied overtime pay.
About IQ Overtime
IQOvertime.com was established to provide information for workers who have been denied overtime compensation. Comprehensive resources for workers are available on this site, including informational articles, an overtime calculator, answers to frequently asked questions, and an overview of state overtime laws. If you have been denied overtime pay, get the legal help you need today. Visit http://www.iqovertime.com and complete the Free Case Evaluation form to have your claim reviewed at no cost.
