PNC settles overtime suit for $16M – CPBJ

PNC settles overtime suit for $16M – CPBJ

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PNC settles overtime suit for $16M – CPBJ Law360, Los Angeles (January 5, 2017, 10:34 PM EST) – PNC Bank NA has agreed to pay $16 million to settle fair labor standards act claims brought by a collective of mortgage loan officers who claim.

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PNC Bank has agreed to pay $16 million to settle claims that it did not fairly pay some of its employees for overtime work, according to documents filed in Pennsylvania’s Western District Court.

PNC Bank NA has agreed to pay $16 million to settle Fair Labor Standards Act claims brought by a collective of mortgage loan officers who claim they were denied overtime pay and a proper.

PNC settles overtime suit for $16M – CPBJ Law360, Los Angeles (January 5, 2017, 10:34 PM EST) – PNC Bank NA has agreed to pay $16 million to settle Fair labor standards act claims brought by a collective of mortgage loan officers who claim.

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PNC has agreed to pay $16 million to settle a federal overtime lawsuit filed by current and former mortgage loan officers, according to court documents. U.S. District Judge Arthur Schwab approved.

PNC Bank NA on Friday reached a $7 million settlement of a class action brought by mortgage loan officers accusing the bank of misclassifying them as overtime-exempt employees and making improper.

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