If you are a current or former employee of Fidelity Investments then you are eligible for a potential award from the Fidelity Unpaid Wages Class Action Lawsuit! This includes employees who were classified as “non-exempt” and received bonus compensation and/or compensation under a student loan payment or fitness reimbursement program between October 20, 2013 and October 1, 2018 and received overtime pay.
As well as any current or former non-exempt Fidelity employee outside of California who participated in either the student loan or fitness reimbursement programs between May 31, 2015 and October 1, 2018 and received overtime pay during the time.
According to the lawsuit that employees were not paid for the overtime they worked while participating in these programs. Fidelity denies all acts of allegations, however, they have agreed to settle the class-action lawsuit in order to avoid the further risk and cost of ongoing litigation. So if you are eligible, file a claim by May 2, 2019 to receive your potential award!
Fidelity Unpaid Wages Class Action Lawsuit
- Fidelity Claim Form
- Claim Form Deadline: May 2, 2019
- Opt out of the settlement: July 18, 2019
- Who’s Eligible:
- California Class includes “all former and current non-exempt employees of Fidelity Brokerage who, while employed by Fidelity Brokerage in California at some point during the period from October 20, 2013 to October 1, 2018 (1) were paid bonus compensation pursuant to a written bonus compensation plan that does not provide for bonuses paid as a percentage of earnings (‘Compensation Plans’) and were also paid a bonus overtime adjustment with respect to that bonus compensation; and/or (2) received student loan repayments pursuant to Fidelity Brokerage’s Step Ahead Student Loan Program and worked overtime during the month in which a student loan repayment was made; and/or (3) received fitness reimbursements pursuant to Fidelity Brokerage’s Fitness Reimbursement Program and worked overtime during the pay period in which the fitness reimbursement was paid.”
- FLSA Collective includes “all former and current non-exempt employees of Fidelity Brokerage who worked outside of California who, while employed by Fidelity Brokerage at some point during the period from May 31, 2015 to October 1, 2018 (1) received student loan repayments pursuant to Fidelity Brokerage’s Step Ahead Student Loan Program and worked overtime during the month in which a student loan repayment was made; and/or (2) received fitness reimbursements pursuant to Fidelity Brokerage’s Fitness Reimbursement Program and worked overtime during the pay period in which the fitness reimbursement was paid.”
- Estimated Amount: Varies
- Proof of Purchase: None
- Case Name & Number: Morris v. Fidelity Investments, et al., Case No. 3:17-cv-06027, in the U.S. District Court for the Northern District of California
How To File a Claim
- Head over to the Fidelity Claim Form.
- Look over the claim form to see if you are eligible.
- Complete the claim form with your information.
- Submit your claim by May 20, 2019 to receive your potential award!
Bottom Line
For individuals that were not paid for the overtime they worked while participating in these programs at Fidelity: student loans or fitness reimbursement, you are eligible for a potential award from the Fidelity Unpaid Wages Class Action Lawsuit! You need file a claim by May 2, 2019 to receive your potential award, but if you choose to opt out of the lawsuit then you must do so by July 18, 2019! Don’t forget to take a look at our full list of Class Action Lawsuit Settlements!
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