The class consists of Prudential Statutory Agents, Prudential Representatives, Financial Services Associates, Financial Professional Associates or any predecessors, successors or related positions (the “Covered Agents”) in certain states at any time between December 15, 2002 and August 1, 2017.
Filed in 2006 by financial representatives of Prudential, the lawsuit claims that the plaintiffs were misclassified as independent contractors and, consequently, had their wages improperly docked. Further, the complaint alleges Prudential failed to provided the plaintiffs with overtime pay that they were entitled to under the law.
Preliminary approval was granted on August 1, 2017. The final hearing is scheduled for December 2017.