Bloomberg News

Goldman Sachs Wins Judge’s Approval of Overtime Suit Accord

February 22, 2012

(Updates with details of case in third paragraph.)

Feb. 22 (Bloomberg) -- Goldman Sachs Group Inc. won a judge’s approval of a lawsuit settlement that will require the bank to pay $993,841 to a group of computer technicians who said they weren’t paid overtime for their work as contractors.

U.S. District Judge William H. Pauley in Manhattan today entered a judgment approving the settlement, citing reasons he stated at a Feb. 10 court conference.

In the lawsuit, the technicians said they deserved overtime pay for working more than 40 hours a week. Work weeks topped 70 hours, and more than 100 employees in New York and New Jersey were underpaid as a result, they said in a complaint filed in May 2010.

David Wells, a Goldman Sachs spokesman, didn’t immediately return a call for comment on the settlement.

Lawyers for the plaintiffs will be paid $262,787 plus expenses, which will come from the settlement fund, Pauley said.

The case is Bardouille v. Goldman Sachs & Co., 10-cv-4285, U.S. District Court, Southern District of New York (Manhattan).

--Editors: Glenn Holdcraft, Andrew Dunn

To contact the reporters on this story: David Glovin in New York at dglovin@bloomberg.net; Thom Weidlich in New York at tweidlich@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net


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