bofa 2Bank of America reaches $14 million settlement in overtime case

 

This is a businessrecord.com article.

 

Bank of America Corp. and its Merrill Lynch unit will pay $14 million to settle lawsuits claiming that the companies forced financial adviser trainees to work 60 hours and more per week, including on weekends, without paying them overtime, Reuters reported.
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The plaintiffs claimed that Merrill regularly required them to work 10- to 14-hour days, attend client functions and work on weekends.
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