I just received a "Consent-to-Join" Form for the class action minimum wage, overtime, etc. settlement. I am not in PA, CA, OH, or NY; therefore it says that I am eligible to collect compensation for the time worked for EDJ between 8/16/03 and 5/14/08. I started as a "new-new" with Jones in '99, and I am currently employed with them.
Just wondering if the Vets like Spiff, et al, received the same notice, and your opinions/actions on this topic.
Part of me wants to file for whatever my share is; I only wish that doing so would lessen the attorneys take on this deal (no chance, they get 4.75 mill).
Under II CLASS COUNSEL RECOMMENDS THE SETTLEMENT it states: "The law firms that represent the class recommend that you participate in the Settlement. In part, that is because the claims alleged in the Collective Action are novel and highly technical. For instance, there is no reported court decision that holds that stockbrokers are entitled to overtime pay. To the contrary, at least one US District Court and the US Dept of Labor have concluded that, in some cases, stockbrokers are NOT entitled to overtime pay under federal law. In other words, the claims alleged in the Collective Action are highly uncertain. Furthermore, even if the class obtained a favorable judgment in the US District Court for the Northern District of Ohio, that judgment would likely be tied up for several years on appeal. In light of the substantial risk that the class might not receive anything at all if the Collective Action proceeded to trial, Class Counsel believes that the Settlement is in the best interests of the Collective Action Class."
Sounds like a plea to help THE ATTORNEYS to extort EDJ...