Is the System Broke, or Are Brokers Gaming the System?

In this Littler attorney-authored article, Allan King discusses the recent spate of wage-hour class action law suits brought against Wall Street brokerage firms. In addition to musing over the paradox of highly compensated brokers suing for and winning back pay and damages, Mr. King presents a cogent overview of how the brokers' arguments, while fundamentally flawed, prevailed because of the inherent shortcomings in the federal wage-hour laws. Mr. King also goes on to unveil a novel legal strategy to combat these type of lawsuits in the future.