The lawsuit was filed in Broward County, Florida, by Florence Grosch, a former Merrill monetary advisor. In a grievance filed early in December, Grosch alleged that Merrill didn’t pay for all of the extra time the FSAs and trainees logged past their stipulated 40-hour workweeks.
Merrill Lynch has not but responded to a request for remark, however case paperwork present a decide has accredited the settlement settlement. Different stipulations embrace that Merrill Lynch has the best to recoup any funds which can be both left over or left unclaimed by eligible advisors or trainees who don’t want to take part within the settlement settlement.
