Morgan & Morgan attorneys are currently investigating allegations of violations of the Fair Labor Standards Act and various state wage and hour laws by HSBC.
Morgan & Morgan’s attorneys have received reports that individuals who have worked with HSBC have claimed that the company misclassified their positions as exempt (or ineligible) from overtime pay, resulting in the employees not receiving “time-and-a-half” pay for their overtime hours. Employees who are found to be non-exempt must be paid time-and-a-half pay for the hours they worked beyond forty in a given workweek.
For more information about the HSBC overtime investigation, please contact us at (877) MORGAN-LAW or fill out a free case evaluation today.
The Alleged Violations
If the allegations are substantiated, HSBC would have violated the FLSA and other state labor laws and the plaintiff group would be entitled to compensation for their unpaid hours. The positions currently identified by Morgan & Morgan as wrongfully exempt from overtime pay are: AML Compliance Analysts, A & R Analysts, Data Analysts, Financial Reporting Analysts, Implementation Analysts, Quality Assurance Specialists, and Solutions Analysts.
Under Morgan and Morgan’s analysis, employees in these positions were incorrectly classified as exempt and, according to the FLSA, should be reclassified as non-exempt and be compensated for their past overtime hours.
What If I’ve Been Wrongfully Classified As Exempt?
If you or a loved one work or worked for HSBC and your position was wrongfully exempt from overtime pay, you may be eligible to join this case.
For more information about the HSBC overtime investigation, please contact us at (877) MORGAN-LAW or fill out a free case evaluation today.
Morgan & Morgan has a team of lawyers dedicated to representing employees in wage and hour actions. Morgan & Morgan has litigated hundreds of cases for unpaid wages per year involving thousands of employees across the nation including national class action cases.