M&T Bank Agrees To $2.5M Deal To End Wage And Hour Suit

Law360 (March 30, 2018, 7:27 PM EDT) -- M&T Bank Corp. has agreed to a nearly $2.5 million deal to end a certified Fair Labor Standards Act collective action filed in New York federal court alleging failure to pay certain workers overtime wages across the country.

A former M&T employee on Thursday filed an unopposed bid for a New York federal judge to approve the $2.49 million wage and hour collective action settlement, saying that the plaintiffs include 240 current or former IT workers. While noting that M&T denies it is liable for any of the suit's claims or that it is an employer of the plaintiffs, the motion...

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