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Sovereign Bancorp Inc. ABBEY SPANIER, LLP IS INVESTIGATING POTENTIAL WAGE AND HOUR VIOLATIONS BY SOVEREIGN BANCORP INC. AND SOVEREIGN BANK Abbey Spanier is currently investing potential federal and state claims against Sovereign for failure to pay overtime to its loan officers. Sovereign allegedly does not pay its loan officers overtime wages for any hours worked over 40 hours in a workweek. Abbey Spanier is also investigating whether Sovereign allows its loan officers to take a recoverable draw, deducted against earned commissions which the loan officers are required to repay if the commissions are not sufficient to cover the draw, resulting in a failure to pay the loan officers minimum wage. Federal and state wage and hour laws require that an employer pay employees for all time worked and time and a half for each hour worked in excess of 40 hours in a given workweek. Abbey Spanier has been representing employees in class actions and collective actions in federal and state courts throughout the United States for over a decade. Please visit our unfair employment practices page for more information about the firm's recent recoveries and achievements in this field. If you are a current or former employee of Sovereign Bank and would like to discuss our investigation, please tell us your story. Nancy Kaboolian |