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JPMorgan Workers Strike $8.3M Deal With Bank On OT Claims

Law360, Los Angeles (January 11, 2018, 9:36 PM EST) -- JPMorgan Chase & Co. will shell out $8.3 million to end a proposed class action brought by assistant bank managers who alleged they were misclassified as overtime-exempt employees, according to a deal proposed in California federal court Thursday.

The sum will cover around $2.8 million in attorneys' fees, plus a payout pool of about $5.3 million for a group of roughly 2,000 class members who accused JPMorgan of making them do work like tellers but denied them overtime, according to a motion for preliminary approval of...
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Case Information

Case Title

Mitra Erami v. JPMorgan Chase Bank


Case Number

2:15-cv-07728

Court

California Central

Nature of Suit

Labor: Other

Judge

Philip S. Gutierrez

Date Filed

October 6, 2015

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