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Wells Fargo Settles Consultant FLSA Suit For $6.9M

Law360 (September 8, 2010, 4:34 PM EDT) -- A federal judge has given a green light to a $6.9 million settlement in a class and collective action brought on behalf of current and former Wells Fargo Investments Inc. financial consultants and advisers who claimed they were misclassified as exempt from overtime laws.

Judge Marilyn Hall Patel of the U.S. District Court for the Northern District of California signed off on an order granting preliminary approval to the deal Tuesday.

Judge Patel certified for settlement purposes only a class comprised of all people who are...
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