Girard Gibbs and co-counsel negotiated a settlement with First Franklin in the class and collective action lawsuit, which was difficult given the state of the financial services industry after the crash of the housing market. The settlement was approved by the court and First Franklin’s account executives received back-pay.
Girard Gibbs and co-counsel filed a class action lawsuit against First Franklin, a subsidiary of Merill Lynch. The class and collective action lawsuit alleged that First Franklin violated the federal labor standards act (“FLSA“), as well as California labor laws. The employment lawsuit alleged that account executives were not paid for all hours worked, and not paid for overtime.
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