Class Eligibility

You are eligible to participate in this Settlement if you work or worked for Prudential in the position of Statutory Agent, Prudential Representative, Financial Services Associate, Financial Professional Associate or any predecessor, successor or related positions, which are referred to as Covered Agents.

Covered Agents who work or worked for Prudential in the following states (“Settling States”) at any time during the periods beginning on the dates listed below (“Settlement Class Periods”) through the August 1, 2017, are eligible to participate in this Settlement:

Covered Agents who work or worked in California, starting on or after March 20, 2004;

Covered Agents who work or worked in Hawaii, starting on or after December 15, 2002;

Covered Agents who work or worked in Illinois, starting on or after December 15, 2003;

Covered Agents who work or worked in Michigan, starting on or after December 15, 2002;

Covered Agents who work or worked in Missouri, starting on or after December 15, 2006;

Covered Agents who work or worked in Montana, starting on or after December 15, 2003;

Covered Agents who work or worked in New Jersey, starting on or after December 15, 2002;

Covered Agents who work or worked in New York, starting on or after December 15, 2002;

Covered Agents who work or worked in Ohio, starting on or after December 15, 2006;

Covered Agents who work or worked in Oregon, starting on or after December 15, 2002;

Covered Agents who work or worked in Pennsylvania, starting on or after September 15, 2003; and

Covered Agents who work or worked in Washington, starting on or after December 15, 2005.

In addition, Covered Agents who work or worked for Prudential in states other than the Settling States who are Opt-In Plaintiffs are also eligible to participate in this Settlement.

The “Deductions Class” includes (i) all Covered Agents in Hawaii, Illinois, Michigan, New Jersey, Oregon or Washington in the Settlement Class Periods; (ii) Persons who hold or held the positions of Financial Services Associate, Financial Professional Associate or any predecessor, successor or related positions in Pennsylvania in the Settlement Class Periods; and (iii) Persons hold or held the position of Statutory Agent, or any predecessor, successor or related positions in California or New York in the Settlement Class Periods.

Estimated Amount

Varies

Payments will be used using a formula that takes into account the number of work weeks of each claimant. Participating claimants will receive a minimum payment of $10.

Proof of Purchase

N/A

Case Name

Jeffrey Bouder, et al. v. Prudential Financial Inc., et al. and Jim Wang, et al. v. Prudential Financial Inc., et al.
Case No. 2:06-cv-04359-CCC-MF
District Court for the District of New Jersey

Case Summary

In general, these two lawsuits (the “Settled Lawsuits”) allege that Prudential improperly denied Covered Agents overtime pay in violation of the Fair Labor Standards Act of 1938, as amended, 29 U.S.C. §§ 201, et seq. (“FLSA”) and applicable state law. In addition, the Settled Lawsuits allege that Prudential took unlawful deductions from the wages of Covered Agents, including recapture of certain commissions, and/or required some Covered Agents to bear certain necessary business-related expenses. Prudential has vigorously denied all wrongdoing, and maintains that all Covered Agents have been properly compensated at all times. Capitalized terms shall have the same meaning as set forth in the Settlement Agreement and Class Notice.

Settlement Pool

$12,500,000

Deadline

10/30/2017

Contact


Bouder v. Prudential Financial Inc. Settlement
c/o GCG
P.O. Box 10462
Dublin, OH 43017-4062
1-844-402-8562
info@PFIClassActionSettlement.com

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