There was no explanation regarding the method of calculation. The previous letter said I would receive about $13,750. Since my payment was much more either they sandbagged the estimate or fewer people participated.
I sent in my claim on 3-20-08 and haven't seen a check yet I sure hope it comes soon. They said my award was about 14,000.
They said 21.7 and I got 20% more....
The firm got spanked for a ridiculous law. They deserved it for other crap they pulled. Remember like all good companies they pay and admit no wrongdoing.
are all of you california reps? i got a letter to return, but nowhere on it did it give me an estimate of my payment.
entourage wrote:are all of you california reps? i got a letter to return, but nowhere on it did it give me an estimate of my payment.
My letter (I am not California) mentioned something like $39/month as as estimate. So, I'm expecting less than $2,000.
Woo hoo!!! Net after taxes approx $15,800 Plus my commissions hit my account tomorrow, about 8K for the last week.
My husband really loves me !!! But what am I gonna do for him next week he says.
According to now_indy's information, and assuming 25% goes to taxes, you'd have to work for Jones for 45 years to net $15,800.
Just how old are you?
Who cares how old she is?What I want to know is exactly what you're going to do for your husband next week? You've raised the bar pretty high this week! I hope you can deliver the goods, babs!
Re: Babs settlement amount, you're confusing California with the other actions. Although the paperwork initially indicated $38.00 per month for those of us outside of CA etc. I would suspect it would be more than that. The reps in CA are going to receive considerably more per rep than those of us in say, MO.
Morphius wrote:Who cares how old she is?What I want to know is exactly what you're going to do for your husband next week? You've raised the bar pretty high this week! I hope you can deliver the goods, babs!
I've never had any complaining before....don't you worry about it.
In Calif I guess we got a much higher payout per month than other States. One of the few times I'm actually glad to be under California laws. Worked out to something like $440 for each month worked.
anyone outside of CA get their checks yet?
I don't think anyone outside CA is going to get the checks until early next year.
SayNo...What makes you say that? I understand that checks ought to be cut fairly soon. BTW, I am totally against frivolous lawsuits such as this. Unless of course I'm going to benefit financially then I'm all for it. Truthfully this is silly but, I did send in the paperwork...What're you gonna do?
yeah sayno, where the heck you hear dat?
I called the Department that handles it, not at EDJ. The number was on the green form. They said that EDJ has already settled, they need to do one more final hearing. Then payments will be mailed 60-90 days after that unless their is any appeals which is unlikely. EDJ has already set aside 19 Million for it. Im not sure what the equals per broker who signed up minus attorney fees. Bottom line, don't even look for it till spring time next year.
You bet I sent in the claim form.
I look forward to participating in future discussions on EJ. I've been reading them for years, but never bothered to join in. I will not be posting throughout the day, however. I'm not sure I feel safe posting them from the office.
Regarding the company that is overseeing the NON-CALIFORNIA checks, they said March or April of 2009. If you call jones home office, class action settlements department, they will give you a number to call, and those people will verify they have gotten your submission and approx date they will send checks is March/April 2009
I think Overtime Settlement for most employees, is all the hours a person works over 40 in one work week. Overtime is supposed to be paid at time-and-a-half of an employee's regular rate of pay. For example if you make an amount of money per hour, then he should be paid a little more per hour for all hours he works over 40 in a work week. That's the simple and accurate way to understand the same.
Weird thing to respond to 5 years later...but yeah, I don't know how it was set up before this lawsuit, if it truly was a minimum wage/overtime lawsuit, things haven't changed at all. I know a guy there who figures it out right now to be at about 5 bucks an hour he's putting in...
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