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...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!