New Jersey collections law firm Pressler, Felt & Warshaw has agreed to a $115,000 settlement to resolve claims it violated wage-and-hour laws by failing to pay overtime to an information technology employee.

The law firm, which was known as Pressler & Pressler until last March, agreed to the settlement in U.S. District Court in Newark, along with New Century Financial Services Inc., a debt collector that regularly works with the firm. U.S. District Judge Claire Cecchi approved the settlement last Friday.

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