Goldman Sachs Sued for Overtime Pay Violations
Our law firm, The Ottinger Firm, recently filed a class action suit against Goldman Sachs for overtime pay violations. The law suit alleges that Goldman Sachs improperly classified certain IT employees as independent contractors and then failed to provide them with overtime pay. The misclassification of employees as independent contractors is a common corporate scheme to lower costs. By classifying employees as independent contractors, a company avoids overtime pay, health benefits, workers compensation insurance and even certain tax obligations. In this case, the IT employees did not fall into the category of independent contractors because they were treated like Goldman Sachs employees - they were not actually independent contractors. The case was filed in federal court in New York City.
