Lawsuit Filed Against Apple Claims It Fails to Pay Correct Overtime Compensation

Apple violated the law by allegedly failing to include the value of vested restricted stock unit compensation in its non-exempt employees regular rates of pay to calculate overtime pay, a new class action lawsuit alleges.

Plaintiff Francis Costa claims Apple has a policy of awarding restricted stock units to its non-exempt employees, but not incorporating them into their regular rate of pay when they calculate their overtime pay.

“Restricted stock units compensation appear on Plaintiff’s payroll record. However, Plaintiff’s payroll records do not reflect that the value of the vested restricted stock units was included in Plaintiff’s overtime rate of pay,” the Apple class action states.

Read the source article at topclassactions.com