Court approved the settlement agreement between plaintiffs and JPMorgan Chase & Co. regarding unpaid overtime and liquidated damages claims under the Fair Labor Standards Act. Each plaintiff receives $3,231.84, with defendant's counsel recovering $28,840.80 in attorney's fees.
Radabaugh v. JPMorgan Chase & Co.
What Happened
Workers at JPMorgan Chase & Co. claimed the bank failed to pay them overtime wages they had earned. This type of unpaid compensation is called wage theft. The employees filed a court case seeking payment for the hours they worked beyond their regular schedules.
What the Court Decided
In October 2023, the court approved a settlement agreement between the workers and JPMorgan Chase. The company agreed to pay $16,159.20 in total damages to the affected employees. Each worker received approximately $3,232, compensating them for unpaid overtime. Additionally, the court ordered the company to cover $28,841 in attorney's fees—the costs of the lawyers who represented the workers.
Why This Matters for Workers
This case reinforces that employers must pay workers for all hours worked, including overtime. When companies fail to do so, employees have legal options to recover what they're owed. Settlements like this one show that courts take wage theft seriously and will hold large corporations accountable, even major financial institutions.
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