Company settles sales rep overtime saga for $99 million
The final chapter of one of the most publicized overtime lawsuits in recent memory has been written – and there’s no happy ending for this employer.
Here’s what happened: Based on a class-action lawsuit dating back to 2006, Novartis Pharmaceuticals Corp., a U.S. division of a Swiss drugmaker, allegedly failed to pay around, 7,700 current and former sales reps any overtime for the hours they worked outside of the normal business day.
While Novartis insists its sales reps are properly classified as overtime exempt, the company has agreed to settle the lawsuit for $99 million.
- Share on
Free Training & Resources
White Papers
Provided by UJET
White Papers
Provided by Anaplan
Further Reading
After more than a year, the IRS has made changes to Form 1099-MISC, Miscellaneous Information, and Form 1099-NEC, Nonemployee Compensation....
Ever-growing postage rates are driving companies to digitize as much as possible. A record-high rate hike set for July 14 is going to impac...
Among the many provisions of the Secure 2.0 Act, several deal with the paperwork responsibilities that fall on retirement plans. The Sec...
The Treasury Department and Internal Revenue Service (IRS) released proposed regulations for the new 1% excise tax on remittance transfers ...
IRS released regs at the end of November, leaving retirement plan sponsors with just over a month to get their 401(k) plans up to speed. ...
Paying employees by direct deposit is convenient for all involved. But a recent court case is a reminder that funds could end up in cybercr...
