Charles Schwab Consultants’ $4M OT Deal Gets Green Light

Jessica Corso, Law 360 – November 4, 2014
A New York federal judge on Tuesday gave final approval to a $3.8 million settlement entered into between Charles Schwab & Co. Inc. and a proposed class of financial consultants claiming they were misclassified and denied overtime. 

The case is Aboud et al. v. Charles Schwab & Co. Inc., case number 1:14­cv­02712, in the
U.S. District Court for the Southern District of New York.

The plaintiffs are represented by Deirdre A. Aaron, Justin M. Swartz and Jennifer L. Liu of Outten & Golden LLP; and Gregg I. Shavitz of Shavitz Law Group PA.

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