Wells Fargo, Employees Get OK For $35M Deal In OT Fight

Law360 (July 10, 2019, 6:58 PM EDT) -- A New Jersey federal court on Tuesday gave an initial green light to a $35 million deal aimed at resolving a dispute between Wells Fargo & Co. and over 38,000 bank employees who say the financial behemoth failed to come through with legally obligated overtime pay.

U.S. District Judge Esther Salas gave preliminary approval to the deal on Tuesday, saying it met the generally accepted standards for such agreements. The judge tentatively set a hearing on final approval for January.

Wells Fargo admitted no wrongdoing under the deal, but agreed to put $35 million into a settlement fund that will be...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!




Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


New Jersey

Nature of Suit

Labor: Fair Standards


Subscribers Only

Date Filed

October 25, 2016

Law Firms


Government Agencies

Judge Analytics