Overtime hours worked by the employees have to be compensated from the employer as it is their right. And if the employer is cutting losses and refusing to pay for overtime, it is time to file a lawsuit for your unpaid wages. There are different factors that play a part for you to claim a legit compensation.
Standard minimum wages:
You must be paid the minimum wage for the hours you have worked for or the agreed wage at the time of contract. And if your employer is refusing to pay that rate, then you should file a lawsuit.
Overtime wages:
If you are working overtime, then you should be paid extra than the normal wages. Under the law governed differently by different states, the overtime wages have to paid if the forty hour weekly limit of the employee is being exceeded and the wages should be one hundred fifty percent of your regular rate. And if your employer is failing to pay you overtime, then you will have legit claim to pursue lawsuit against your employer.
Penalty fees:
By law, the employer is to pay additional penalty along with the unpaid wages. The attorney fees also has to be paid in addition to the the money you spend in pursuing the case. If you win the lawsuit, then every additional cost you spent for the case, the penalty, the overtime pay will have to be paid to you.
Rate of interest:
State laws have regulations regarding the unpaid or overtimes wages and one has to be paid along with the rate of interest which is liquidated damage. The amount that is charged over the unpaid wages is set as lieu of interest, to be awarded to employee who has successfully proven the charges against the employer under federal law.
So these are the some basic overtime payment regulations and if your employer is breaking the law by violating the agreement, it is time to hire a law firm for filing the lawsuit. 
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