Wells Fargo agrees to settlement in Nevada overtime suit
Wells Fargo Bank recently agreed to pay $105,000 to settle a class-action lawsuit claiming that some of its Nevada business banking specialists were required to work off the clock and denied overtime.
The suit was filed in 2009 by Wells Fargo Bank employee Amber Salazar, who was accused of lacking credibility because she misrepresented her time and attendance without informing a manager.
The bank agreed to settle in order to avoid further legal costs, but does not admit to the allegations, the news source reports. Of the 186 potential class-action plaintiffs, the 64 who filed claims will receive approximately $1,000 each after legal expenses. Salazar, as the lead plaintiff, was awarded an additional $2,500.
"This result is an excellent one given the fact that the internal records of Wells Fargo indicate that the class was underpaid, at most, $300,000 for their overtime compensation," wrote David Markham, attorney for the plaintiff, in a court declaration quoted by the news source.
Last year, the bank agreed to nearly $28 million worth of settlements after being sued several times for alleged Fair Labor Standards Act violations.
The suit was filed in 2009 by Wells Fargo Bank employee Amber Salazar, who was accused of lacking credibility because she misrepresented her time and attendance without informing a manager.
The bank agreed to settle in order to avoid further legal costs, but does not admit to the allegations, the news source reports. Of the 186 potential class-action plaintiffs, the 64 who filed claims will receive approximately $1,000 each after legal expenses. Salazar, as the lead plaintiff, was awarded an additional $2,500.
"This result is an excellent one given the fact that the internal records of Wells Fargo indicate that the class was underpaid, at most, $300,000 for their overtime compensation," wrote David Markham, attorney for the plaintiff, in a court declaration quoted by the news source.
Last year, the bank agreed to nearly $28 million worth of settlements after being sued several times for alleged Fair Labor Standards Act violations.
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