JPMorgan to Settle $950K Wage and Hour Lawsuit

JP Morgan Chase Bank has agreed to pay a proposed amount of $950,000 to settle a California wage and hour class action lawsuit. Filed by former JP Morgan underwriters Mary L. and Angie R., the wage and hour class action lawsuit alleges the bank places unrealistic workloads and quotas on employees that cannot be reached without working overtime.

The plaintiffs allege JP Morgan Chase Bank had a strict policy on overtime approval, which forced employees to work through meal and rest breaks without financial compensation in order to meet the employer’s demands.

If approved, the JP Morgan Chase Bank wage and hour class action settlement would end the unpaid overtime lawsuit that affects more than 800 Class Members consisting of current and former JP Morgan Chase employees. The wage and hour class action settlement would compensate each Class Member for unpaid wages as well as cover any legal fees they have incurred.

The JP Morgan Chase Bank California Wage and Hour Lawsuit is Case No. 3:13-cv-00095, in the U.S. District Court for the Southern District of California.

California Employment Laws

Labor laws in California protect employees from overwhelming workloads by giving proper lunch and rest breaks or compensating workers if these breaks are missed. California break laws require employers to provide a 30-minute lunch break after an employee has worked five hours or more, and a 10-minute break every four hours.

If workers do not get a meal break, their employers are required to give them one hour of pay at the regular rate or be subject to serious fines. CA break laws define a meal break to mean a 30-minute uninterrupted block of time in which the company relieves employees of all duties. If that is not possible, the employee must agree in writing and he or she must be financially compensated for the missed meal break. California labor laws allow employees to claim back pay for missed meal breaks up to three years after the occurrence.

Likewise, California wage and hour laws require employees be given a 10-minute rest break every four hours. If this is missed, employers must pay workers for one hour of pay at the regular rate within a paycheck cycle.

Wage and Hour Lawsuits

JP Morgan Chase Bank has paid out millions in wage and hour settlements in recent years, but the bank is not the only company under investigation for labor law violations. Some companies are being investigated for allegedly violating California labor laws concerning overtime pay. 

According to the Department of Industrial Relations, a California employer must pay 1.5 times an employee’s regular rate of pay for either working more than eight hours in a day or 40 hours a week. Furthermore, labor laws require an employee receive two times the amount of pay for any hours worked above 12 in a workday or for any hours worked over eight hours on the seventh day of the workweek.

If you have reason to believe your employer violated one of the many California employment laws within the last three years, you may be able to join a California wage and hour class action lawsuit.

Join a Free California Overtime, Wage & Hour Class Action Lawsuit Investigation

If you were forced to work off the clock or without overtime pay in California within the past 2 to 3 years, you have rights – and you don’t have to take on the company alone.

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