$500,000 Settlement Granted Preliminary Approval In Financial Advisers’ Wage Suit
(August 26, 2015, 1:49 PM EDT) -- SAN FRANCISCO — A California federal magistrate judge on Aug. 21 preliminarily approved a $500,000 settlement in a wage-and-hour suit brought on behalf of a class of financial sales advisers, opining that while the amount is less than 11 percent of the total potential liability estimate given by the plaintiffs, the court’s concerns may be addressed later (Cheryl Deaver v. Compass Bank, et al., No. 13-222, N.D. Calif.; 2015 U.S. Dist. LEXIS 111170).
(Opinion available. Document #43-150904-002R.)
Compass Bank Inc. and BBVA Compass Insurance Agency Inc....