Dominic Rivera  |  January 8, 2014

Category: Labor & Employment

Top Class Actions’s website and social media posts use affiliate links. If you make a purchase using such links, we may receive a commission, but it will not result in any additional charges to you. Please review our Affiliate Link Disclosure for more information.

PNC BankAn Ohio federal judge has given preliminary approval to a $7 million class action settlement agreement between PNC Bank NA and a Class of mortgage loan officers who were allegedly misclassified as exempt from overtime by the bank. The overtime lawsuit also alleges that the bank improperly deducted from the mortgage loan officers pay.

U.S. District Judge Algenon L. Marbley of the Southern District of Ohio approved the motion for preliminary approval and set a Final Approval Hearing on Jan. 28 to determine the overall fairness of the PNC overtime settlement.

The class action settlement calls for the 915 eligible Class Members to receive 65 percent of the total amount, after attorneys’ fees, administration and court costs and other expenses are deducted. The Class includes PNC mortgage loan officers who worked for the bank from March 2006 to April 2011 in the states of New York, Kentucky, California, Illinois, Maryland, Pennsylvania, Washington, Ohio, Indiana, Massachusetts, Missouri and New Jersey.

According to the terms of the PNC overtime settlement, each Class Member may receive pay for about four hours of overtime for each week worked during the covered period. Loan officers involved in the class action lawsuit may recover about $3,350. Each of the representative plaintiffs were also to receive enhancement awards within the range of $2,500 to $5,000.

Plaintiffs Lee Struck and Christopher Kusserow filed the PNC overtime class action lawsuit in November 2011, alleging that PNC Bank violated the Fair Labor Standards Act, the Ohio Minimum Fair Wage Standards Act and the Ohio Prompt Pay Act.

The case is Struck et al. v. PNC Bank NA, Case No. 2:11-cv-00982, in the U.S. District Court for the Southern District of Ohio.

Help for Victims of Unpaid Overtime Violations

Going up against a large corporation for wage and hour violations can be daunting, but banding together with other victims through a class action lawsuit can save you time, money and resources. If you were forced to work overtime or off the clock without overtime pay, were denied meal breaks, were paid less than minimum wage or suffered some other wage and hour violation, you may have the right to seek back pay and penalties from your current or former employer. Don’t delay though: the statute of limitations under the FLSA is 2 to 3 years, depending on the state. Find out if you qualify by filling out the short form at the Wage & Hour, Overtime Pay Class Action Lawsuit Investigation.

We tell you about cash you can claim EVERY WEEK! Sign up for our free newsletter.


One thought on PNC Bank’s $7M Overtime Settlement Gets Preliminary Approval

  1. Gurinder Summan says:

    I notice that too!

Leave a Reply

Your email address will not be published. By submitting your comment and contact information, you agree to receive marketing emails from Top Class Actions regarding this and/or similar lawsuits or settlements, and/or to be contacted by an attorney or law firm to discuss the details of your potential case at no charge to you if you qualify. Required fields are marked *

Please note: Top Class Actions is not a settlement administrator or law firm. Top Class Actions is a legal news source that reports on class action lawsuits, class action settlements, drug injury lawsuits and product liability lawsuits. Top Class Actions does not process claims and we cannot advise you on the status of any class action settlement claim. You must contact the settlement administrator or your attorney for any updates regarding your claim status, claim form or questions about when payments are expected to be mailed out.