Class Action Wage and Hour Lawsuit Accuses Global Insurance Company of FLSA Violations
May 30, 2011
A new federal wage and hour lawsuit contends that thousands of commissioned employees from a global financial company weren't compensated for minimum wage and overtime, according to a recent news development that our Santa Ana employment lawyers have been watching.
Global insurance company, AXA Advisors, LLC, is being accused of violating the U.S. Fair Labor Standards Act (FLSA), by failing to pay commissioned employees with overtime.
The firm is being accused of exploiting young and vulnerable workers who have recently graduated from college, by making them pay for their training, and then forcing them to work over 60-hour-workweeks without proper compensation.
According to the lawsuit, AXA hired young college graduates, and allegedly paid the employees a base salary of $24,000 plus a percentage share of any earned commissions by licensed brokers, if the employees had success in finding new accounts for the brokers. The workers however, had to pay for their own training, and claim to have worked over 60-hours a week, with no overtime compensation.
The group of employees behind the lawsuit, that include over 1,000 current and former employees, are seeking class-action status, and claim that the FLSA violations date back to 2005. One employee claimed to have worked from October 2010 through February 2011 as a trainee and cold caller, putting in demanding 12 hour days, five days a week--and was unpaid during the training.
The class-action wage and hour lawsuit is seeking back wages and overtime, monetary damages, interests and any lawyer fees and costs.
Our Carson employment and labor attorneys represent individuals who have experienced Fair Labor Standards Act violations as well as violations of California Labor Codes in Orange County, California. For a free consultation about your rights, contact us today.
Class Action Suit Alleges 1000s of AXA Employees Worked Up to 60 Hours Weekly Without Overtime, MMD Newswire, May 18, 2011
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