Reviewing a working arrangement common in the financial services industry, particularly with respect to experienced professionals, Judge Katherine B. Forrest of the Southern District of New York recently upheld the Royal Bank of Canada’s (RBC) treatment of a “consultant” as an independent contractor under the federal and state wage/hour and anti-discrimination laws. Sellers v.
financial services
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.