TD Bank Shells Out $10M For Overtime Class Action

Law360, Los Angeles (August 22, 2014, 9:55 PM EDT) -- TD Bank NA has agreed to pay $9.9 million to settle a class and collective action alleging that the bank has failed to pay assistant store managers overtime wages, according to court documents filed Friday in New York federal court.

Counsel for the plaintiffs filed a motion seeking a judge's preliminary approval for the deal, which would resolve the class members' claims that TD Bank had improperly classified them as exempt from federal and state overtime requirements. 

The maximum $9.9 million settlement amount includes service payments, attorneys' fees and costs and other expenses, according to settlement documents. About 2,600 class members...

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Court

New York Eastern

Nature of Suit

Labor: Fair Standards

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Date Filed

February 3, 2013

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