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Bank Settles Unpaid Overtime Claims By Assistant Branch Managers Who Claimed They Were Misclassified as Management Employees

 

This blog has focused on the requirements for employees to be qualified as exempt from overtime pay. It has also discussed the possible expenses associated with misclassifying employees. Another such case has arisen with Tri Counties Bank which has agreed to settle an overtime class action lawsuit for upwards of $2 million, pending court approval and determination of the exact number of class participants.

A former employee of the bank filed the lawsuit in California alleging the bank improperly classified assistant branch managers as overtime exempt. The lawsuit also alleged failure to provide meal periods, rest breaks, wage statements, and suitable seating, all of which are required by California labor law. The lawsuit also alleges unfair business practices in violation of Business and Professions Code section 17200.

Although the guidelines for overtime exempt employees are clearly laid out by the law, many employers choose to exploit what they perceive as a gray area to force employees to work overtime without compensation.

The case has now been settled at a sum ranging from $2,039,500 and $2,500,000. The bank also reportedly recorded in September an expense and accrued liability in the amount of $2,090,000 in anticipation of the settlement getting approval by the Court.


The attorneys at the Chicago Overtime Law Center are investigating unpaid overtime claims against banks and other businesses for misclassifying employees as managers. If you are the victim this practice call us at (312) 869-4095 or contact us online.

The lawyers at the Chicago Overtime Law Center have decades of experience fighting for wage earner’s rights. We have a team of overtime attorneys who focus on nationwide class action lawsuits and work out of Chicago and Oak Brook offices. We protect unpaid workers who haven’t received overtime throughout the Chicago area including in DuPage, Kane and Cook Counties. Our Elgin and Schaumburg overtime lawyers are intimately familiar with the issues that arise during wage claim litigation, and we know the laws that govern overtime cases well. Many employers misclassify employees as being exempt from overtime laws and pay workers salaries instead of hourly wages in order to avoid paying them overtime. Some employers mistakenly classify employees as exempt and others intentionally do so in order to circumvent the law. In either case, workers do not receive the wages they should, and a lawsuit may be the only way to recover their earned wages. The Chicago Overtime Law Center is based in Chicago, and represents clients throughout the country who have not been paid for the overtime hours that they worked. If you believe that you are owed overtime wages, contact one of our Chicago wage and hour attorney by phone at (312) 869-4095 or through our online form.