Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Property»US Department of Labor recovers $288K in back wages, damages from property management group that willfully denied 92 employees overtime
    Property

    US Department of Labor recovers $288K in back wages, damages from property management group that willfully denied 92 employees overtime

    July 18, 20242 Mins Read


    American Management Group LLC of Atlantic Beach shaved hours from workers’ timecards

    ATLANTIC BEACH, FL – The U.S. Department of Labor has recovered $288,979 in back wages and liquidated damages for 92 employees after its investigation found an Atlantic Beach property management group’s improper pay practices denied them overtime wages they earned.

    The department’s Wage and Hour Division found The Klotz Group of Companies LLC, operating as American Management Group LLC, claimed an overtime exemption illegally and shaved hours off some workers’ time sheets to avoid paying overtime for hours over 40 in a workweek. Investigators also determined the employer paid some of the affected workers a flat salary and failed to include bonuses and commissions in their regular rate to calculate the overtime rate. The company’s actions violated provisions of the Fair Labor Standards Act.

    In addition to paying back wages and damages, American Management Group was assessed a $15,000 civil money penalty to address their violations’ willful nature. 

    “Some employers believe paying employees a salary releases them from their legal obligation to pay them their full earned wages for hours over 40 in a workweek. The illegal misuse of the overtime exemptions is a widespread and pervasive problem that denies workers their full, hard-earned wages,” explained Wage and Hour Division District Director Vilma Bell in Orlando, Florida. “In this case, American Management Group has learned shortchanging employees comes with costly consequences.”

    Headquartered in Atlantic Beach, The Klotz Group of Companies is a private equity real estate investment platform operating primarily in the Southeast. It serves as a parent company for operating subsidiaries and investment partnerships, including investments in more than 125,000 apartment units, 43 ground-up developments and other e-commerce, healthcare, printing, manufacturing and marketing projects. The company employs over 450 employees in Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee. 

    Workers and employers can call the Wage and Hour Division confidentially with questions, and the division can speak with callers in more than 200 languages. For more information about the FLSA and other laws enforced by the agency, contact the division’s toll-free helpline at 866-4US-WAGE (487-9243). The division also offers online resources for employers, such as a fact sheet on Fair Labor Standards Act overtime requirements.

    Workers and employers can help ensure hours worked and pay are accurate by downloading the department’s Android or iPhone Timesheet App for free in English and Spanish. 



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    What Is a Trust Deed? Understanding Its Role in Real Estate

    Property

    The Real Deal Staff’s Favorite Stories of 2025

    Property

    Do Real Estate Agents Work on Weekends? Flexible Hours & Earnings Potential

    Property

    How Property Rights Influence Externalities and Prevent Market Failure

    Property

    How Property Reassessment and Mill Levy Affect Your Taxes

    Property

    Property investor grows Team Valley footprint

    Property
    Leave A Reply Cancel Reply

    Top Picks
    Stock Market

    Carnival’s stock will pay a dividend again – and other earnings highlights

    Commodities

    Passively managed funds and portfolio allocation

    Stock Market

    Education technology companies don’t tell you much about the AI in their products. 

    Editors Picks

    Gift Nifty indicates strong start for Sensex, Nifty; banks, NBFCs, power stocks in focus

    August 17, 2025

    NBK launches Fintech Services to advance Kuwait’s digital economy and promote financial inclusion

    November 16, 2025

    How does multi-currency support help businesses manage global transactions?

    November 29, 2025

    Everything you need to know about the stock market crash… and how to protect your money

    November 9, 2025
    What's Hot

    NASDAQ 100 and S&P 500 Rise 0.2% as Traders Await Fed Rate Decision

    December 9, 2025

    Controversial EU Agricultural Reform Sparks Unrest

    July 17, 2025

    Why infamous mafia mansions are struggling to sell… the decor is criminal

    November 30, 2025
    Our Picks

    Seaport dégrade PayPal et Bill.com avant les résultats du T1 en raison des tarifs douaniers

    April 17, 2025

    3 Fintech Stocks to Buy During the August Market Dip

    August 9, 2024

    PNM warns about copper theft trends

    September 8, 2025
    Weekly Top

    Fintech Mercury applies for OCC bank charter

    December 19, 2025

    Agricultural payments reach €138.7m in 2025

    December 19, 2025

    Retirement Income Certified Professional (RICP) Certification Guide

    December 19, 2025
    Editor's Pick

    La Sabrina 2 “Stronger Than Gold” prête à briller en France • Basket USA

    March 6, 2025

    Nama fraud trial linked to a £1.2billion NI property deal to begin hearing evidence next week

    September 24, 2025

    À Locoal-Mendon, TaKaFer, les arts du métal en festival ce week-end

    April 23, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.