Settlement Structure: Claims Made
Active: Open
Case Summary:This settlement resolves two consolidated class actions alleging that Wells Fargo Bank, NA did not pay proper compensation to its Home Mortgage Consultants, Private Mortgage Brokers, and others (HMCs) working for it in California. The complaints alleged that Wells Fargo did not provide proper rest periods, vacation pay, and minimum wage for all hours worked. The case is intended to have Wells Fargo cover premium pay for missed rest periods, unpaid vacations, minimum wages, and civil and statutory penalties. Some amounts have already been paid in the settlement of the Ibarra case.
Docket Number:5:17-cv-06220-BLF and 5:21-cv-00071-BLF
Company: Wells Fargo
Filing Deadline: January 1, 2100
Class Period: March 17, 2013 to December 31, 2019
Objection Deadline: June 14, 2021
Exclusion Deadline: June 14, 2021
Final Approval Hearing: September 15, 2021
Proof of Purchase:If you are a member of the class and received a notice in this case, you do not need to do anything to make a claim.
Eligibility:You may be eligible if you were employed by Wells Fargo Bank, NA in California as a Home Mortgage Consultant, Home Mortgage Consultant Jr., Private Mortgage Banker, or Private Mortgage Banker, Jr., at any time between March 17, 2013 and December 31, 2019.
Typical Settlement Amount:(1) Ninety percent of the net settlement fund will go for rest period claims. Pro rata shares will go to class members based on the number of days each entered at least 3.5 hours in the timekeeping system between March 17, 2013 and March 31, 2018. Amounts will be offset by any amounts already received in the Ibarra settlement. (2) Ten percent will go for other claims. Pro rata shares will go to class members based on the number of days worked between October 27, 2013 and December 31, 2019.
Total Settlement Amount: $95,696,122.35, including the Ibarra case settlement amount
Class Representative Proposed Incentive Fee:$30,000, including $10,000 already paid in the Ibarra case
Law Firms:
Haffner Law PC
Stevens LC
Case Name: Kang v. Wells Fargo Bank, N.A. and Ibarra v. Wells Fargo Bank, N.A.
Settlement Website: Kang v. Wells Fargo Bank, N.A. Website
Claims Administrator:
Rust Consulting, Inc.
Kang v. Wells Fargo Bank, N.A
c/o Rust Consulting Inc – 7282
PO Box 54
Minneapolis, MN 55440-0054
800-473-1211
