AmTrust Unit Settles Ex-Banker’s FLSA Suit

Law360, New York (July 19, 2011, 4:57 PM EDT) -- A Florida federal judge on Tuesday approved a settlement to end a proposed overtime collective action brought by a former personal banker at AmTrust Bank Investment Services Inc., a unit of the now-bankrupt AmTrust Bank.

U.S. District Judge Kenneth Marra approved the settlement and dismissed the case in a brief order, but the terms of the settlement weren't disclosed. Attorneys involved in the case didn't immediately respond to requests for more information about the settlement Tuesday.

The proposed class action alleged that AmTrust Bank Investment Services...
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