Swiss financial services giant UBS AG says it has reached an agreement to settle class action suits brought by current and former employees who charged that the bank underpaid them for overtime work. The company says it will pay as much as $89 million to resolve the suits at the federal and state level.
February 10, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Swiss financial services giant UBS AG has reached an agreement to settle class action suits brought in several federal courts by current and former employees who charged that the bank underpaid them for overtime work, the company said in a statement.
The company said it will pay as much as $89 million to resolve the suits at the federal and state level.
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