Lawsuits alleging violations of the Fair Labor Standards Act (FLSA) were at an all-time high for the year ending on March 31, 2012, according to a recent law firm study. Moreover, the wage and hour suits are up nearly 350 percent from the equivalent period ten years prior.
According to the U.S. Department of Labor's website, the FLSA "establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments."
A recent analysis by the Seyfarth Shaw law firm entitled "FLSA Cases in Federal Court" (here) shows that in the twelve month period ending March 31, 2012, there were 7,064 FLSA suits filed in federal court, which is the highest annual total for any equivalent twelve month period and is also slightly greater than the 7,006 cases filed during the twelve month period ending March 31, 2011. However, the study also shows that the number of FLSA cases filed has climbed dramatically since the equivalent 2002 period, when only 2,035 FLSA cases were filed. The ten-year increase in the annual number of FLSA filings represents a jump of over 347%. The number of filings has also increased each year for the past five years.
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Read other items of interest from the world of directors & officers liability, with occasional commentary, at the D&O Diary, a blog by Kevin LaCroix.
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