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January 30, 2012
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Wills & Trusts News

 

U.S. Department Of Labor Announced Today That It Has Filed A Consent Judgment  For $410,000 In Back Wages

WASHINGTON—The U.S. Department of Labor announced today that it has filed a consent judgment and order with the U.S. District Court, Eastern District of New York, for $410,000 in back wages and damages as part of a settlement of lawsuits brought by the department against New York garment contractors and manufacturers.Danmar Finishing Corp. and Mario Sweater Contracting Corp., along with Joseph Cartolano, owner of the manufacturers America’s Sweater Sport Corp and American Knitwear, Inc., and Danmar and Mario principals, Dragisa Dimitraskovic, Mica Jankovic and Jelena Dimitraskovic, were sued by the Labor Department in three separate actions in 2002 for numerous alleged violations of the federal Fair Labor Standards Act (FLSA).“The serious and aggravated violations committed by these defendants required the department to initiate repeated litigation since May 2002 to recover $410,000 in back wages and damages and to protect the rights of these garment workers,” said U. S. Secretary of Labor Elaine L. Chao. “The Department of Labor is committed to ensuring that workers, especially low-wage workers as in this case, are paid the full wages and overtime required under the law.”The consent judgment against Danmar, which must first be approved by the court, requires that Danmar pay $400,000 in back wages and liquidated damages to 175 employees for overtime violations and $10,000 to 13 employees for compensation due to the firm’s retaliatory actions against them. The judgment also prohibits the Danmar defendants from future violations of the FLSA’s overtime, recordkeeping and retaliation provisions.The order relating to the manufacturer defendants restrains the shipment of any goods in interstate commerce manufactured in violation of the FLSA by them or their contractors. This provision is commonly referred to as the “hot goods” provision of the FLSA. The consent order also requires the manufacturers to monitor its contractors to ensure their future compliance with the FLSA.

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Common Terms

 


Today's Terms

Over-the-counter

Definition:
Figurative term for the means of trading securities that are not listed on an organized stock exchange such as the New York Stock Exchange. Over-the-counter trading is done by broker-dealers who communicate by telephone and computer networks.

Laissez-faire

Definition:
French phrase meaning "leave alone." In economics and politics, a doctrine that the economic system functions best when there is no interference by government.

Capital market

Definition:
The market in which corporate equity and longer-term debt securities (those maturing in more than one year) are issued and traded.

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