Settlement Structure: Claims Made
Active: OpenCase Summary:
Merrill Lynch, Pierce, Fenner & Smith, Inc. is putting up more than $1.3 million to settle a California class action alleging it did not follow all California labor laws regarding its client associates. The allegations included that it did not pay client associates for all hours worked, did not pay the statutory premium wage for all hours worked, and did not provide and document proper meal periods, among other things.Docket Number:
Company: Merrill Lynch, Pierce, Fenner & Smith, Inc.
Filing Deadline: January 1, 2100
Class Period: August 26, 2016 to May 12, 2022
Objection Deadline: July 25, 2022
Exclusion Deadline: July 25, 2022
Final Approval Hearing: October 14, 2022Proof of Purchase:
You do not need to provide proof unless you are disputing the number of hours provided for you by Merrill Lynch. The deadline for disputes is July 27, 2022.Eligibility:
You may be eligible if you are an individual who was employed by Merrill Lynch as a Client Associate, or the functional equivalent, such as a Registered Client Associate, Registered Senior Client Associate, Investment Associate, Private Wealth Associate, Sales Associate, Account Associate, Brokerage Associate, or any other non-exempt administrative support position, who was employed by Merrill Lynch in California at any time between August 26, 2016 and May 12, 2022.Typical Settlement Amount:
Portion of the net settlement value, to be distributed according to a Plan of Allocation. Two-thirds of the amount paid to each class member will be considered ordinary income, interest and penalties, payable on a Form 1099; one-third will be considered wages, payable on a Form W-2.
Total Settlement Amount: $1,375,000Class Representative Proposed Incentive Fee:
Up to $20,000
Clapp & Lauinger, LLP
Wynne Law Firm
Claim Form: Scrooc Settlement Dispute Form
Case Name: Barbara Scrooc v. Merrill Lynch, Pierce, Fenner & Smith, Inc.
Settlement Website: Scrooc Settlement Website
Scrooc v Merrill Lynch Pierce Feener and Smith Incorporated
c/o Settlement Administrator
P.O. Box 26170
Santa Ana, CA 92799