In 2006, The Fund was accused in a class action lawsuit in federal court in the Northern District of California of failing to comply with federal overtime wage laws by misclassifying canvas workers as “exempt” from the overtime laws. The Complaint is here, and the Answer filed by The Fund denying the accusations is here. The Motion for Collective Action detailing the accusations is here.
The case recently settled. While The Fund denied any wrongdoing, The Fund agreed to pay $2.15 million to past employees for unpaid wages and to cover the employees’ attorneys fees, which was represented to be approximately one-half of The Funds’ net worth. The document detailing the settlement is below. The settlement was approved on May 15, 2009.
The Fund Class Action – Motion for Settlement
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