Springfield-based THR and Associates says it was NOT a lack of funds that caused thousands of the company’s checks to bounce in recent days.
A company spokesman says a local bank abruptly closed one of its accounts without explanation. As a result, about four-thousand outstanding checks failed to clear. The company says it has re-established the account at a different bank and is making good on those checks.
Meanwhile, THR has been slapped with a class-action lawsuit in federal court. The State Journal-Register reports a former employee in Florida claims that THR improperly classified her and other workers as managers or other exempt job classifications in order to avoid paying mandated overtime. THR says it has not seen the lawsuit yet and declined to comment.