$16 Million PNC Wage and Hour Class Action Settlement Reached

PNC Bank has agreed to a $16 million PNC wage and hour class action settlement over Fair Labor Standards Act (FLSA) claims.

The PNC wage and hour class action settlement effectively ends a FLSA lawsuit from mortgage loan officers claiming the bank denied them overtime pay and proper commission payments, according to court documents.

Seventeen mortgage loan officers from PNC Bank were involved in this lawsuit, both current and former employees.

These loan officers alleged in their suit that PNC failed to properly and accurately calculate their commissions, and did not allow employees to log overtime hours despite jobs demanding overtime work.

The PNC wage and hour class action settlement applies to several groups of PNC mortgage loan officers: those who worked in California between August 7, 2011 and January 4, 2017; those who worked in New York between April 4, 2011 and January 4, 2017; and those who worked in any other state between August 7, 2012 and January 2017.

The lawsuit was brought forward in August 2015 by these 17 officers on behalf of all fellow class members, claiming that their $24,000 a year salary was based on a 40-hour work week, but that many officers worked far more than 40 hours a week to complete their work without the proper overtime compensation due for those hours.

The lawsuit further claims that PNC even goes so far as to offer incentives to managers who prevent accurate overtime reporting, encouraging the reduction of overtime hours recorded and paid for.

Court documents note that the plaintiffs’ counsel is planning to seek 33 percent of the $16 million PNC wage and hour class action settlement to cover attorneys’ fees.

Plaintiffs are expected to seek preliminary approval of their PNC wage and hour class action settlement in mid-January.

Unpaid Wages Class Action Lawsuits

For employees and former employees of companies who, like these PNC Bank mortgage loan officers, believe they have been subjected to unpaid wages or even paid unfair wages, there are federal and state laws put in place. These laws are set to ensure the fair treatment of workers and their proper pay.

Some workers may choose not to pursue litigation, afraid that their employers will retaliate against them if they speak up about Fair Labor Standards Act (FLSA) violations in the workplace like unpaid overtime wages. However, FLSA rules that protect workers’ rights also protect workers from any retaliation by their employers based on these kinds of wage and hour complaints.

If you have worked for an employer like PNC Bank that may have failed to follow the Fair Labor Standards Act or state labor laws, including unpaid overtime wages, you may be able to either join a wage and hour class action lawsuit or file a lawsuit individually.

Join a Free California Wage & Hour Class Action Lawsuit Investigation

If you were forced to work off the clock or without overtime pay within the past 3 years in California, you have rights – and you don’t have to take on the company alone.

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