(October 19, 2016, 1:09 PM EDT) -- NEW ORLEANS — A California state court approved opt-out class settlement that released Fair Labor Standards Act (FLSA) claims precludes FLSA claims brought in a federal court on behalf of California plaintiffs, a Fifth Circuit U.S. Court of Appeals panel ruled Oct. 14 (Raymond Richardson, et al. v. Wells Fargo Bank, N.A., et al., No. 15-20711, 5th Cir.; 2016 U.S. App. LEXIS 18528).

(Opinion available.  Document #43-161021-015Z.)

Home mortgage consultants (HMCs) sued Wells Fargo Bank N.A., Wachovia Mortgage Corp., Wachovia Corp., World Mortgage Co., Wells Fargo...