These are violations of the Fair Labor Standards Act (FLSA) and can give rise to an overtime pay lawsuit.Īn experienced overtime pay attorney will be able to analyze your case in the context of the FLSA and your state’s laws to determine if you are due overtime wages from JPMorgan Chase. JPMorgan Chase may also require their employees to report to work early but not “punch the clock” until later or strike hours off of time cards, or they may refuse to pay employees for work done before the shift starts and after they punch out for the day. For example, bank assistant branch managers may be misclassified as exempt by the company due to their title, when, in reality, their job duties reflect a non-exempt classification. Whether or not a JPMorgan Chase employee falls under the “administrative” or “professional” exemptions is determine based on job description, job duties, rate of pay, and number of hours worked.Įmployers often deny or unlawfully refuse to pay overtime by misclassifying the positions of the workers, claiming that they are exempt when, in reality, they are not. As a result, many JPMorgan Chase employees end up working more than 40 hours per week, and are therefore entitled to overtime pay.Įmployees who are exempt under the FLSA are not entitled to overtime pay. JPMorgan Chase employees are often required to work long hours, as well as additional time before and after their scheduled shift. Is a JPMorgan Chase Employee Entitled to Overtime Pay? These laws may complement or contradict the FLSA, so it is important to consult an experienced attorney who is familiar with all the applicable overtime pay laws. On top of the FLSA, some states have their own overtime pay laws. Rather, job description, job duties, rate of pay, and hours worked are used to determine if an employee should receive overtime pay. It is important to note that exemption is not determined solely based on job title. These exemptions include employees with “adminstrative” or “professional” roles.įor example, JPMorgan Chase employees with advanced financial degrees may fall under the “professional” exemption. The FLSA has several exemptions, however, that would preclude employees from receiving overtime pay. If an employee is non-exempt under the FLSA, the law requires that they are paid overtime wages of one and one-half times their regular rate of pay for every hour past 40 in one week. Under the Fair Labor Standard Act (FLSA), many JPMorgan Chase employees are considered non-exempt and therefore entitled to overtime pay. Read All JPMorgan Chase News on Overtime Pay Cases and Settlements What are the Laws for JPMorgan Chase Employee Overtime Pay?

District Court for the Southern District of New York recently ruled a pair of class action unpaid overtime lawsuits against banking giant JPMorgan Chase shall be consolidated into one suit. NEW YORK CITY - A federal judge for the U.S. locations include:įederal Judge Consolidates Two Unpaid Overtime Class Action Lawsuits Against JPMorgan Chase The company operates with branches and satellite offices in over 60 countries. JPMorgan Chase’s global corporate headquarters is located in New York, New York. Our experienced overtime pay lawyers handle cases for all JPMorgan Chase employees, including the following: Who Does JPMorgan Chase Employ?Īs of 2017, JPMorgan Chase employs over 240,000 people worldwide. The company was founded in 2000, when Chase Manhattan Corporation merged with J.P Morgan & Co. It is the largest bank in the United States, with total assets of $2.6 trillion. JPMorgan Chase is an American multinational banking and financial services holding company.

JPMorgan Chase Overtime Pay Lawyer Review.

Has JPMorgan Chase Been Involved in Overtime Pay Lawsuits?.

Does JPMorgan Chase Have to Pay Overtime Wages to its Employees?.

Is a JPMorgan Chase Employee Entitled to Overtime Pay?.What are the Laws for JPMorgan Chase Employee Overtime Pay?.JPMorgan Chase Overtime Pay Lawsuit News.Commonly asked overtime pay law questions about JPMorgan Chase:

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