"Plaintiffs in this action are former insurance agents for defendants New York Life Insurance Company and its related companies (collectively, N.Y. Life), all of which provide a variety of insurance products, including life insurance and annuities. Plaintiffs brought this putative class action seeking recovery for allegedly illegal wage deductions and violations of overtime and minimum wage laws." Gold v. New York Life Ins. Co., No. 2430, 2017 WL 3026906 (N.Y. App. Div., 1st Dep't, July 18, 2017).
On July 18, 2017, the Court held that the employees, who happened to be former insurance agents employed by life insurance companies in that case, were just not bound by class action waivers stuck into mandatory arbitration provisions in their employment contracts.
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