$2M Settlement Shot Down In MetLife Loan Officer OT Suit
By Jeff Sistrunk
Law360, Los Angeles (June 6, 2014, 4:33 PM ET) -- A California federal judge has rejected a proposed $1.97 million settlement of a putative class action claiming Metlife Inc. stiffed its financial service representatives on overtime pay, forced them to pay business costs, and confiscated commissions if they quit or were fired too early, finding that the distribution of funds isn't equitable.
In a Tuesday order, U.S. District Judge Josephine L. Staton denied without prejudice the plaintiffs' April motion for preliminary approval of the deal. One of the two settlement sub-funds improperly lumps together FSRs who...