Bank Treasury Management Advisor Lawsuit
Stephan Zouras, LLP represents bank Treasury Management Advisors in a nationwide class and collective action lawsuit.
On November 23, 2016 the firm filed a complaint on behalf of several hundred class members who worked for Bank of America “BOA” as Treasury Management Advisors “TMAs” and other similarly-titled positions.
Plaintiffs allege that they and others similarly situated were misclassified as “exempt” and denied overtime pay when they worked more than 40 hours per week.
All too often, employers take advantage of their employees by not fully or properly compensating them in violation of federal and state law. The Fair Labor Standards Act (FLSA) requires employers to pay all non-exempt employees at least the federal minimum wage and 1.5 times his or her regular rate of pay for all hours worked over 40 each workweek, unless the employer can prove its employees are properly classified as “exempt” from overtime pay.
The law requires the employer to satisfy very specific and strict requirements to deny an employee overtime pay as an exempt professional, executive, administrator, intern or some other recognized exemption.
Having successfully represented hundreds of thousands of employees across the country, we are leaders in recovering unpaid wages under federal and state law.
If you worked for BOA, or any other bank or financial institution, and would like more information on your rights, please contact us.