Wells Fargo Bank Managers Overtime Class Action Settlement
The Settlement of the Lawsuit involves a proposed settlement class consisting of persons who fall into the following two categories:
- Store Managers who worked in a Level 1 Wells Fargo Store in California at any time during the period of January 7, 2007, through January 12, 2017, (the “Class Period”); and/or
- Store Managers who worked in a Level 2 Wells Fargo Store in California during the period of January 7, 2007, through November 1, 2013.
- Each Qualified Claimant employed on or after March 23, 2013 (i.e., the PAGA Penalty Period), shall be entitled to an equal share of the PAGA Penalty Fund remaining after payment of $7,500 to the Labor and Workforce Development Agency.
- Each Qualified Claimant’s allocation of the remainder of the NFV (after subtracting the portion of the PAGA Penalty Fund payable to Settlement Class Members) will be determined by multiplying the NFV by a fraction, the numerator of which is a Settlement Class Member’s number of workweeks during the Class Period and the denominator of which is the total number of workweeks during the Class Period of all Settlement Class Members. Workweeks shall be calculated from Defendant’s records, with Settlement Class Members given credit for each week they actually worked for Defendant in California as a full-time bank branch Store Manager in a Level 1 Wells Fargo Store at any time during the Class Period; and/or worked in a Level 2 Wells Fargo Store during the period of January 7, 2007, through November 1, 2013.
Proof of Purchase
Wells Fargo Managers Wage & Hours SettlementJCCP No. 4723Sacramento County Superior Court
Beginning in March of 2012, lawsuits were filed alleging that Wells Fargo improperly classified certain levels of its bank branch Store Managers as exempt from California’s overtime pay requirements. The lawsuits allege that Defendant violated the California Labor Code, including, but not limited to, failing to pay overtime and failing to provide meal and rest periods to its Level 1 and Level 2 bank branch Store Managers pursuant to California Labor Code §§ 226.7 and 512. Plaintiffs also allege claims for “waiting time penalties” under California Labor Code § 203, failure to provide accurate itemized wage statements under California Labor Code §§ 226, 1174 and 1175, and violation of California’s unfair competition law under California Business and Professions Code §§ 17200, et al.