PNC settles overtime suit for $16M – CPBJ

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PNC settles overtime suit for $16M – CPBJ PNC Bank has agreed to pay $16 million to settle claims that it did not fairly pay some of its employees for overtime work, according to documents filed in Pennsylvania’s Western District Court.

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PNC Pays Mortgage Loan Officers $16M – Overtime Lawsuit. Mahanyertl.com PNC Bank will pay its some of its mortgage loan officers $16 million to settle a lawsuit brought under the Fair Labor Standards Act. The mortgage brokers claimed they were denied overtime and proper commissions.

PNC settles overtime suit for $16M – CPBJ PNC Financial Services Group Inc. has settled a patent lawsuit with Ronald A. Katz Technology Licensing LP , and the companies have now entered into a licensing agreement. As part of the.

A little over a year since a group of several hundred assistant bank branch managers sued PNC Bank for allegedly denying them overtime pay, a federal judge in Chicago has signed off on a deal to end the litigation for $6 million, which would send around $2,000 on average to each of the allegedly wronged assistant managers and $2 million to the attorneys who brought the case.

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PNC Settles LO Overtime Lawsuit. Originators alleged PNC failed to properly pay overtime. April 11, 2017. A settlement has been reached in a lawsuit alleging that The PNC Financial Services Group Inc. failed to properly pay overtime to loan officers.

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– HUNT Mortgage PNC settles overtime suit for $16M – CPBJ PNC Financial Services traces its history to the Pittsburgh Trust and Savings Company which was founded in Pittsburgh, Pennsylvania on April 10, 1845. Due to the long recovery from the Great Fire of Pittsburgh, PNC was not fully operational until January 28, 1852.

LOS ANGELES – PNC Bank recently agreed to a $16 million settlement to resolve an ongoing class action overtime pay lawsuit with mortgage loan officers over allegations that the company used a variety of methods to cheat workers out of hard earned overtime. The settlement covers an estimated 3,400 loan officers across the country with compensation based on the number of weeks each class.