US Bancorp Inks $7M Class Wage Deal With Calif. Workers

By Suevon Lee (May 8, 2017, 5:08 PM EDT) -- A California federal judge on Friday preliminarily approved a $7 million class action settlement between U.S. Bancorp and workers who claimed the bank stiffed them on meal break periods and itemized wage statements, bringing the more than three-year-old litigation closer to an end.

The preliminary approval pertains to a deal struck between the Minneapolis, Minnesota-based parent company of U.S. Bank and roughly 25,000 potential class members who allege meal break and wage statement violations under the California Labor Code and Private Attorneys General Act.

"The risk of future motions for summary judgment, for class certification and eventual appeals weighs in favor...

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