March 11, 2022 | New York Law Journal
In New York City, Subjectivity Trumps Data AnalyticsThe law's poor construction creates an HR nightmare for employers seeking to staff up.
By Allan G. King and Michael J. Lotito
4 minute read
February 15, 2006 | The Recorder
Are Brokers Gaming the System?Securities brokers have filed a spate of class actions, claiming they were "wage earners" misclassified by their employers. But have they really suffered economic injury under the prevailing compensation system?
By Allan G. King
6 minute read
February 13, 2006 | Law.com
Is the System Broke or Are Brokers Gaming the System?In a spate of class actions against Merrill Lynch, Morgan Stanley, Prudential and others, security brokers who collectively earned billions in annual commissions now claim they were hourly "wage earners," misclassified by their employers to thwart state and federal overtime laws. Ironically for plaintiffs who tout their market sophistication, an hourly wage would adjust to produce the same compensation that brokers receive under the current system of commission payments, says attorney Allan G. King.
By Allan G. King
6 minute read
Trending Stories