Wells Fargo To Pay $7M To Settle Techies' OT Suit

Law360, New York (February 28, 2011, 3:42 PM EST) -- Wells Fargo & Co. technical support workers Friday asked a California court to approve a $6.72 million settlement in a Fair Labor Standards Act collective action alleging the bank misclassified the employees as exempt from overtime wages.

The plaintiffs told the U.S. District Court for the Northern District of California that the settlement was fair, reasonable and adequate; provided substantial monetary relief to those who opt in; and eliminated the risks inherent in further litigation.

The workers' counsel, Lieff Cabraser Heimann & Bernstein LLP and Haber...
To view the full article, register now.




Case Information

Case Title

Lewis et al v. Wells Fargo & Co.

Case Number



California Northern

Nature of Suit

Labor: Fair Standards


Claudia Wilken

Date Filed

May 28, 2008

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.