Wells Fargo & Co. has agreed to pay $12.8 million to settle a class-action lawsuit over overtime pay.
The law suit, brought by former employee Jasmin Gerlach on behalf of 4,500 current and former Wells Fargo employees, claimed that Wells Fargo unlawfully making business-systems employees ineligible for overtime by characterized them as analysts or consultants.
The settlement was preliminarily approved Oct. 6 in U.S. District Court Judge Claudia Wilken of the Northern District of California.
Wells Fargo denied the charge but would like to settle the lawsuit.
You can find more information of labor law in www.postersolution.com, and community.poster4business.com will provide you the state, federal & OSHA labor law compliance information and services.
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