RBS Citizens Agrees To $3M Deal In Loan Officer OT Fight

Law360, New York (January 23, 2014, 8:22 PM EST) -- RBS Citizens NA has struck a $3 million deal to resolve a class action accusing the company of misclassifying mortgage loan officers as exempt from state and federal overtime pay requirements, the plaintiffs said Thursday in a Rhode Island federal court filing.

The plaintiffs lodged a motion seeking the court's final blessing for the $3 million deal, which covers both federal collective action claims and class claims under the laws of eight states, and pointing out that out of 576 settlement class members none objected or...
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