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

    UK house prices fall year on year as rental growth slows to four-year low

    Property

    Cottonwood Group Raises $1B for Real Estate Investments

    Property

    HOUSE PRICES UPDATE: the forecast is bright

    Property

    One of UK’s thinnest homes on sale for £75,000 with tiny bedroom

    Property

    Southern property market struggling – PropertyWire

    Property

    ‘This seaside town is Devon’s Dubai – there’s nowhere in the UK like it’

    Property
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    VIETNAM ENTERPRISE INVESTMENTS: Growth push could see strong returns for Footsie trusts

    Investments

    Large English vineyards mark boom year as output and investment soar | Food & drink industry

    Property

    UK property asking prices dip as buyers hope for interest rate cut

    Editors Picks

    Change in Retirement Age – Social Security benefits are also going to change

    July 13, 2024

    Third of UK adults aspire to own BTL property

    June 12, 2025

    Playhouse Project raises money for nonprofit through auction of chairs built from Copper’s old Timberline Express lift

    September 4, 2025

    A look at Nvidia’s latest results and its prominence in the stock market, by the numbers

    August 28, 2025
    What's Hot

    Bitcoin price drops to $65,000 as crypto is hammered with stock market

    October 23, 2024

    Trôo continue de mettre en valeur les artistes de la région

    May 13, 2025

    Silver Alert issued for woman missing out of Wilson County

    October 12, 2024
    Our Picks

    California’s largest utility on the roles of energy storage

    August 15, 2024

    Wisconsin city named hottest American real estate market by Realtor.com – NBC Chicago

    August 14, 2024

    Windsor’s ring of steel for Trump: Metal fences are secured ahead of US State visit this week

    September 14, 2025
    Weekly Top

    Sanctioned tanker Spartan offloads Russian oil at Mundra despite Adani ban

    September 15, 2025

    UK house prices fall year on year as rental growth slows to four-year low

    September 15, 2025

    PayPal rolls out one-time payment links with plans to support cryptocurrency

    September 15, 2025
    Editor's Pick

    Sirius Real Estate acquiert un actif industriel en Allemagne et cède une propriété au Royaume-Uni

    June 26, 2025

    CBASOX Sets New Benchmark in Cryptocurrency Security with

    July 15, 2024

    Comment votre épargne peut soutenir l’agriculture française – L’Express

    June 14, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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