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AXA, Sales Reps Near $6.5M Deal In OT Class Suit

Law360 (February 10, 2009, 12:00 AM EST) -- AXA Equitable Life Insurance Co. has come a step closer to garnering preliminary approval for a $6.5 million settlement in a consolidated wage-and-hour collective and class action brought on behalf of current and former financial sales representatives, with a judge asking for more information on how the settlement fund would be divided.

Monday's request by Judge Jeffrey S. White of the U.S. District Court for the Northern District of California came just a week after the plaintiffs moved for preliminary approval of the class and collective...
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