Fifth Third To Pay $4M To End Loan Officer OT Dispute

Law360, New York (February 6, 2014, 6:26 PM EST) -- Fifth Third Bank agreed to pay as much as $4 million to resolve a class action brought by a group of mortgage loan officers alleging their employer stiffed them on overtime pay, according to a proposed settlement filed in Ohio federal court Thursday.

The deal would pay the roughly 520 Ohio-based employees in the class, who worked for the company as loan officers within the past six years, an average of around $5,000 apiece, resolving accusations that Fifth Third misclassified their positions as overtime-exempt.

The agreement...
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Case Information

Case Title

Swigart et al v. Fifth Third Bank


Case Number

1:11-cv-00088

Court

Ohio Southern

Nature of Suit

Labor: Fair Standards

Judge

Timothy S. Black

Date Filed

February 10, 2011

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