“Long Beach Men Sue JPMorgan Chase for Overtime Pay”
Belmont Shore-Naples Patch, April 2, 2013
The class action suit represents more than 150 people and says Chase improperly exempted them from overtime pay.
A proposed class-action lawsuit was filed in federal court in Santa Ana today alleging that JPMorgan Chase was getting around overtime laws by improperly classifying some employees involved in appraising property.
The lawsuit seeks to represent about 150 appraisers seeking millions of dollars in overtime pay, said attorney Bryan Schwartz, who filed the lawsuit on behalf of Long Beach resident Kenneth Lee and Mark Thompson, an appraiser who worked in the company’s Irvine branch.
Schwartz said it is “disingenuous” to classify the appraisers as administrators, therefore exempting them from overtime pay, because they do not have the authority to make administrative decisions about the value of the properties they evaluate, Schwartz said.
The appraisers have formulas they have been issued to determine the value of property and do not have the authority to deviate from it, Schwartz said.
JPMorgan officials could not be immediately reached for comment after business hours. To qualify for bonuses they have various goals related to billing, and the only way to achieve those benchmarks is to work overtime on weekends and holidays, Schwartz alleged.
“Chase has its production appraisers working upwards of 70 hours a week, through weekends and holidays, to meet Chase’s billing requirements,” said Lee, the lead plaintiff on the lawsuit with Thompson.
“Chase is running an appraisal sweatshop, and it’s time that Chase be required to compensate its appraisers fairly.”
Some of the appraisers are “review appraisers,” meaning they look over the work of others in their department and are “glorified proofreaders who worked long hours helping Chase with its loan sales,” Schwartz said. The lawsuit was assigned to U.S. District Judge Cormac Carney.
Bryan Schwartz and team are stellar professionals. I worked really closely with Renato Flores. He was patient and showed a lot of care and rigor in explaining the ins and out to me and the practical advice he shared was outstanding. Bryan is well connected…
Exceptional people, powerful advocates, tough negotiators. Bryan Schwartz and senior associate Jane Mackie truly care about fairness and justice. Their hard work, attention to detail, and the time and responsiveness they devoted to all my questions let me know in a hundred ways that they…
I cannot say enough GREAT things about Bryan Schwartz Law, P.C. -- and in particular, former paralegal Devin Stuzin. I was recently part of a large class-action settlement -- one the firm tenaciously pursued for a whopping 17 years before getting a record settlement on…
Best people they took my case right a way and fought and win my case best lawyers in bay-area love you all
I was a member of the Doering Meyer class action lawsuit versus the State Department. Bryan Schwartz is a very tenacious and outstanding attorney. When this law firm first contacted me about the case, I was skeptical about their ability to win a case against…
Bryan Schwartz Law, P.C., is a leading employment rights law firm in the United States with a global reach. His is a legal practice of conscientiousness and virtue. Labor law protects a most fundamental right of citizenship and civic engagement. Worker rights are human rights.…
A great team, who kept me informed every step of the way along a many year path to winning a successful class action case.
The staff at this firm are very professional, responsive, friendly, and effective. They persevere for years to get results. I highly recommend them.
Amazing experience with communication and handling of this massive case; I appreciate the help and resolution.
I had a great experience with the firm. They represented me and others in a case that lasted for several years, yet I always knew who to contact and they were always responsive and professional, even as more junior team members transitioned over the years.…
Submit an inquiry to have Bryan Schwartz Law, P.C. evaluate your situation.
*Your submission of an intake request form does not guarantee that Bryan Schwartz Law, P.C. will take your case or provide legal advice. You must be offered and sign a representation agreement with the firm before you will receive any legal advice.
How did we do?
Note: Your review may be shared publicly.