JPMorgan Chase Agrees to Pay $12 Million To Class of 145,000 Workers in 12 States

JPMorgan Chase Bank N.A. has agreed to pay $12 million to settle the wage and hour claims of approximately 145,000 current and former employees in 12 states, according to an unopposed motion for preliminary approval of settlement filed Oct. 8 in a federal district court in California (Hightower v. JPMorgan Chase Bank, N.A., C.D. Cal., 11-01802, motion filed 10/8/14).

The class—consolidated from 13 lawsuits brought during the past two years by personal bankers, tellers and other hourly retail banking branch workers—alleges that JPMorgan violated the Fair Labor Standards Act and various state laws by failing to pay ...