Judge OKs JPMorgan Chase’s Settlement Of Unpaid Overtime Lawsuit for $42 Million

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A federal judge approved Oct. 11 a $42 million settlement between JPMorgan Chase & Co. and a class of approximately 3,800 loan processors regarding overtime pay claims under the Fair Labor Standards Act and state law (Davis v. J.P. Morgan Chase & Co., W.D.N.Y., No. 01-6492, final approval of settlement 10/11/11). Judge David Larimer of […]