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$2.125 million dollar settlement – Young v. Charles Schwab & Co. Inc.

FINANCIAL SERVICES OVERTIME LITIGATION

Summary: A class action complaint was filed on behalf of customer service specialists working for Charles Schwab & Co. Inc. alleging that they were misclassified as exempt employees and wrongfully denied overtime pay.

Result: A $2.125 million dollar settlement was agreed to in order to compensate the customer service specialists for their unpaid overtime