JPMorgan Agrees To $2.4M Deal In Appraisers' Wage Suit

Law360, New York (October 14, 2014, 4:45 PM EDT) -- JPMorgan Chase & Co. has agreed to pay $2.4 million to resolve a putative class action alleging the company incorrectly classified commercial real estate appraisers as exempt from overtime, according to a filing in California federal court.

Attorneys representing a group of JPMorgan real estate appraisers who alleged they were misclassified as exempt from overtime pay on Friday asked a federal judge for preliminary approval of a settlement to resolve the dispute. Under the deal, which would provide approximately $9,500 each to 158 employees and $800,000...
To view the full article, register now.




Case Information

Case Title

Kenneth J Lee et al v. JPMorgan Chase and Co et al

Case Number



California Central

Nature of Suit

Labor: Fair Standards

Date Filed

March 29, 2013

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.