E-Loan Inc. has agreed to pay out up to $13.6 million to settle a wage and hour class action charging overtime and meal period violations with respect to approximately 500 mortgage loan consultants in the company’s Pleasanton and Dublin offices. Employees who worked in those locations from December 2001 through June 2006 are eligible to participate in the settlement, with an average award of about $20,000. In entering the settlement, E-Loan stated that it disputed the employees’ claims but is pleased that a resolution has been reached.
The HR Management & Compliance Report: How To Comply with California Wage & Hour Law, explains everything you need to know to stay in compliance with the state’s complex and ever-changing rules, laws, and regulations in this area. Coverage on bonuses, meal and rest breaks, overtime, alternative workweeks, final paychecks, and more.