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Classifying employees as management without having actual management duties is a violation of federal labor law. You might be owed back wages/overtime. Could be worth looking into. A class action lawsuit against a previous employer I had led to hundreds of employees getting checks for thousands of dollars, even after lawyers took their fee.
Some technical jobs can be legally classified exempt from overtime. That is different than being classified as management.
They just give us the PM title and call it a day. No court is going to take that seriously and allow a massive lawsuit.