An unsettled fertile area of litigation in New York has been the circumstances under which various types of incentive compensation—such as bonuses—become “earned” as wages and thus entitled to the protections of the New York Labor Law, which provide greater remedies than common law claims for breach of contract. In a recent decision, New York’s
broker dealer
Minnesota Federal Court Discusses Applicability of White Collar Exemptions in the Financial Services Industry
By Noel P. Tripp on
Posted in Exemptions
On March 31, Magistrate Judge John Tunheim of the United States District Court for the District of Minnesota issued a lengthy opinion in several consolidated FLSA actions brought by a group of securities brokers who alleged they were misclassified as exempt under the FLSA. In re Rbc Dain Rauscher Overtime Litig., 2010 U.S. Dist.