Wells Fargo To Pay $15M In Wage-and-Hour MDL

Law360, New York (March 26, 2014, 1:58 PM EDT) -- Wells Fargo & Co. will fork over $15 million to settle the claims of nearly 4,500 home mortgage consultants in a collective action in Texas federal court alleging that the bank and its predecessors failed to pay them overtime, according to documents filed Tuesday.

In an unopposed motion, plaintiffs in two of the six initial Fair Labor Standards Act cases against the bank that have been rolled into multidistrict litigation urged the court to grant approval of the $15 million settlement in exchange for a dismissal...
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