San Francisco-based bank pays more than $1 million in overti

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San Francisco-based bank pays more than $1 million in overtime back wages to employees in 5 states following DOL investigation
11/27/2012 01:30 PM EST

The U.S. Department of Labor has recovered $1,009,643.93 in overtime back wages for 392 First Republic Bank employees in California, Connecticut, Massachusetts, New York and Oregon. An investigation by the department's Wage and Hour Division found that the San Francisco-based bank wrongly classified the employees as exempt from overtime, resulting in violations of the Fair Labor Standards Act's overtime and record-keeping provisions.
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