Bank Settles Employees' Overtime Class Action For $3.5 Million

OAKLAND, Calif. - A California federal judge on Dec. 3 approved a $3.5 million settlement of a class action alleging that a banking company improperly classified its trust administrators as being exempt from state and federal overtime laws. The judge, however, reduced the amount of fees to be paid under the settlement to the class' counsel (Lynn Odrick v. UnionBanCal Corporation, et al.,  No. 10-5565, N.D. Calif.; 2012 U.S. Dist. LEXIS 171413).

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