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PNC settles overtime suit for $16M – CPBJ

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PNC has agreed to pay $16 million to settle a federal overtime lawsuit filed by current and former mortgage loan officers, according to court documents. U.S. District Judge Arthur Schwab approved the class-action settlement tuesday. The settlement covers 3,431 people who worked for the bank nationwide since Aug. 7, 2012.

PNC Bank NA on Friday reached a $7 million settlement of a class action brought by mortgage loan officers accusing the bank of misclassifying them as overtime-exempt employees and making improper.

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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.

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