Unpaid Overtime Settlements: What You Should Know

Unpaid overtime settlements

It is incredibly common for employees and their employers to have disagreements or tension in the workplace.

The most extreme forms of workplace conflict include discrimination, intentional harassment, and wrongful termination.

However, one of the most frustrating ways an employer retaliates against an employee is by not paying them.

Fortunately, the Fair Labor Standards Act of 1938 protects workers from bitter employers.

Some employers, however, still refuse to pay their employees for their work after a disagreement. Taking an employer to court to get back those unpaid wages is a long, tedious process.

If you filed an unpaid wages lawsuit, a pre-settlement loan from Ally Lawsuit Loans can help hold you over until your case settles.

We provide cash advances to plaintiffs waiting for unpaid overtime settlements or general labor lawsuit settlements. Apply online today to get started on your lawsuit loan!

Unpaid Wage Lawsuits – Facts & History in the United States

Prior to the 1940s, it was common for employers to underpay workers.

Due to several strikes and growing backlash against child labor, Senator Hugo Black introduced the Fair Labor Standards Act, which Congress passed in 1938.

The act established a minimum wage, a 40-hour workweek, and overtime pay.

There are several other provisions that make this act a landmark in labor law.

For example, the minimum wage must update with inflation and employers must pay time-and-a-half to employees who work overtime.

Unfortunately, many companies still try to find ways around this legislation.

One way an employer may sneak out of paying their employees is by making verbal agreements instead of written ones. Some may also distribute working hours in a way that prevents adequate payment.

Many people don’t report their employers fearing that they may lose their job or more of their wages.

Thankfully, attorneys help level the playing field by representing employees in unpaid wage lawsuits.

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We offer 24-hour approval on structured settlement loan purchases. Then, we bring your structured settlement to the court for approval.

What is My Unpaid Wage Claim Worth?

The value of your unpaid overtime lawsuit depends on a lot of factors.

Some plaintiffs may try to collect double-overtime wages, while others might just get paid a lump sum for a project they weren’t paid for.

State laws also change the value of an unpaid wage claim.

For example, since minimum wage varies between states, a case may be worth more if you work in a state with a higher minimum wage.

How Long Will It Take My Unpaid Wage Claim to Settle?

A significant factor that affects the length and value of a case is the number of plaintiffs.

Some cases are between one employee and their employer, while others involve thousands of employees.

In 2013, Bank of America paid a massive overtime lawsuit settlement of $73 million to 180,000 employees after having them work off the clock.

In addition, some companies offer labor lawsuit settlements quickly to help them mitigate bad press.

However, many companies may fight in court for as long as it takes.

This makes it difficult to know how long it takes for a case to settle.

If you find yourself filing an unpaid wages lawsuit against your employer, a loan from Ally Lawsuit Loans can help you while you wait for your overtime lawsuit settlement.

How Ally Lawsuit Loans Can Help

At Ally Lawsuit Loans, we understand how difficult an unpaid wages lawsuit can be.

We provide pre-settlement loans for those waiting for their unpaid overtime settlements.

It is easy to apply for our funding.

After submitting an application, we review it with your attorney to determine the value of your case.

If you’re approved, we can deliver cash to you within 24 hours.

Most importantly, our pre-settlement loans are risk-free.

If you do not receive a labor lawsuit settlement, you pay us nothing.

Apply today or call 844-771-2957 to learn more about our pre-settlement lawsuit loans.

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