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Press Release: Bank of America Overtime

Posted by B&F System Admin | Sep 04, 2012

Class Action Certified in Bank of America Overtime Case

Judge conditionally certifies overtime action brought by Atlanta law firm of Barrett & Farahany, LLP LLP

ATLANTA– The Atlanta law firm of Barrett & Farahany, LLP today announced that an Atlanta judge has granted conditional certification in a class action brought against global financial institution Bank of America.

The lawsuit, which represents three current and former Bank of America employees, was filed in Atlanta federal court by Barrett & Farahany, LLP in September 2008. The lawsuit accuses Bank of America of uniformly and systematically violating the overtime provisions of the Fair Labor Standards Act (FLSA) for failing to pay employees back wages owed for overtime hours.

Background on the Lawsuit

In October 2007, Bank of America reclassified a portion of its employees from overtime ineligible to overtime-eligible during a review of the company's positions. Reclassified employees were notified that they would begin receiving overtime wages for time worked beyond 40 hours per week. In the same notice, Bank of America informed these employees they would not receive back wages for any past overtime worked.

“If an employee's job and responsibilities were the same before and after being “reclassified'; then they were eligible for overtime before the reclassification. Therefore, they have rights to back wages for past overtime earned,” explained Amanda A. Farahany, attorney for Barrett & Farahany, LLP LLP.

“While there has been a trend in financial institutions to reclassify employees and then pay appropriate or partial back wages for overtime, this is the first lawsuit against a company we know of where they actually instructed employees that they would not receive any back wages for overtime.”

FLSA law allows employees to recover double their actual overtime damages if the court finds that an employer willfully violated the law.

Who Can File a Class Action Lawsuit?

The class action is certified for current and former employees of Bank of America who held the position of Field Examiner, and were notified in October 2007 of their reclassification. However, employees in other positions who worked for Bank of America prior to or in October 2007, and whose positions were reclassified in October 2007, may also have rights to back wages for overtime. For more information about the lawsuit, or eligibility, call (404) 238-7299.

Companies are Obligated to Pay for Overtime

“Especially in this time of economic crisis, companies have an obligation to fairly compensate employees for all the hours that they work, as stated by federal law,” said Farahany. “Overtime law was created as a safeguard for all employees and our economy as a whole. It not only establishes wage rights for employees who dedicate extra hours to their job, but it also discourages companies from working a few employees 60 hours a week, for example, instead of extending employment opportunities to more people.”

About Barrett & Farahany, LLP LLP

Having achieved the largest verdict in the nation on a Family and Medical Leave Act (FMLA) case, the employment law firm of Barrett & Farahany, LLP LLP has proven success representing individuals in employment claims, including wrongful termination, FMLA, discrimination, overtime, executive compensation and sexual harassment cases.

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When you reach out to us, you will receive a complimentary consultation with one of our skilled Atlanta employment attorneys. During our initial consultation with you, we can help you to better understand your rights and will work with you to determine what course of action is in your best interest. We take great pride in providing assistance based on years of experience negotiating and litigating employment matters to protect employee interests. If you find yourself in need of dedicated legal representation, we are prepared to advocate on your behalf – our goal is always to protect employee victims of harassment, discrimination, and retaliation.