External Publication

External Publication

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

By Allan G. King

  • Law.com

Law.com

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.

Information contained in this publication is intended for informational purposes only and does not constitute legal advice or opinion, nor is it a substitute for the professional judgment of an attorney.

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