Despite Atty 'Chutzpah,' Judge Nixes Lowe's $4.5M OT Deal
By Kat Greene (May 1, 2015, 7:24 PM EDT) -- A New York federal judge on Friday rejected a proposed $4.5 million settlement to end collective action allegations that Lowe's Cos. Inc. improperly cuts human resources managers out of overtime pay, saying that the plaintiffs' attorneys' fee bid showed "chutzpah," but that the overall deal wasn't fair.
U.S. District Judge Jeremiah J. McCarthy denied motions to approve a $3 million fund for the class and $1.5 million in attorneys' fees, finding that statements in the settlement filings contradicted the operative complaint, and that the deal wasn't a strong enough assurance that putative class members would be paid, according to Friday's order....
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