You may be eligible for compensation from Wells Fargo Loan Officer Unpaid Overtime Class Action Lawsuit if you worked for Wells Fargo and/or Wachovia as a home mortgage consultant, mortgage consultant, and/or private mortgage banker in Illinois between Aug. 29, 2008 and March 26, 2011. This settlement alleging Wells Fargo & Company violated the Fair Labor Standards Act and Illinois labor laws by improperly designating loan officers as exempt from overtime pay.
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Wells Fargo Loan Officer Unpaid Overtime Class Action Lawsuit:
- Wells Fargo Loan Officer Unpaid Overtime Class Action Claim Form
- Claim Form Deadline: 11/10/2015
- Who’s Eligible: All individuals who were employed as Home Mortgage Consultants, Mortgage Consultants and/or Private Mortgage Bankers in the state of Illinois between Aug. 29, 2008 and March 26, 2011 (excluding Loan Officers who opted-in to the multidistrict litigation action titled In re: Wells Fargo Wage and Hour Employment Practices Litigation).
- Estimated Amount: $100 or more.
- Proof of Purchase: N/A
- Case Name & Number: Dylan Hoffman v. Wells Fargo & Company, Case No. 1:11-cv-06011, in the U.S. District Court for the Northern District of Illinois, Eastern Division
How to File a Claim:
- If you are a class member, head to the Wells Fargo Loan Officer Unpaid Overtime Claim Form to download and fill out.
- Claim Form must be completed, signed, dated and mailed to the Settlement Administrator postmarked no later than November 10, 2015. If you have questions you may contact Claims Administrator Hoffman v. Wells Fargo Bank & Company Settlement Administrator c/o Rust Consulting Inc. – 4632 P.O. Box 2396 Faribault, MN 55021-9096
1-877-256-3560 - File your claim by 11/10/2015 if you want to be included in the Wells Fargo Loan Officer Unpaid Overtime Class Action Lawsuit.
Bottom Line:
Wells Fargo denies the allegations but agreed to settle the class action lawsuit to avoid the expense and uncertainty of ongoing litigation. Wells Fargo Loan Officer Unpaid Overtime Class Action Lawsuit Class Members who do not file a Claim form will automatically receive a minimum payment of $100 unless they exclude themselves from the class action settlement. Class Members who file a Claim Form may be eligible to receive additional payment. The additional payment will be calculated according to a formula taking into account the time worked and the amount earned during the Class Period.
NOTE: Class Members should have received notice of this Wells Fargo class action settlement, along with a Claim Form, in the mail. If you lose, misplace or need another Claim Form, contact the Claims Administrator. File a claim to day to receive your $100 settlement credit and then take a look at our full list of Class Action Lawsuit Settlements!
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