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$19 million dollar settlement – Lofton v. Wells Fargo

HOME MORTGAGE CONSULTANT OVERTIME AND UNPAID MEAL BREAK LITIGATION

Summary: A class action complaint was filed on behalf of salaried home mortgage consultants working for Wells Fargo alleging that they were misclassified as exempt from overtime and did not receive their statutorily required meal breaks.

Result: A $19 million dollar settlement was agreed to in order to compensate the home mortgage consultants for their unpaid overtime and missed meal breaks.