JPMorgan Strikes $1.2M Deal In Home Appraisers' OT Suit

Law360, New York (November 2, 2011, 1:28 PM EDT) -- Home appraisers in a putative class and collective action claiming JPMorgan Chase & Co. misclassified them as exempt from overtime pay rules sought preliminary approval Tuesday of a $1.2 million settlement.

Named plaintiffs Mary Ann Adlao and Marian Williams asked U.S. District Judge Saundra Brown Armstrong in California to give green light to the deal, under which about about 166 class members are expected to receive an average of about $5,000.

Though the plaintiffs feel strongly that their claims have merit, getting a class certified and...
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