Wells Fargo's $6.5M class action wage settlement is good for class representative and plaintiff lawyers but raises fees queries – are plaintiffs getting shortchanged?
Santa Clara, CAA Wells Fargo's $6.5 million California labor class action wage-and-hour settlement involving about 27,500 workers may be a good deal for the class reps and plaintiffs’ lawyers, but employees may be getting shortchanged – again.
Plaintiffs’ Deal Skewed
This deal proposal would pay $2.167 million in attorney fees, $7,500 in service awards for the proposed class representative, and $5,000 for another proposed representative – leaving $252.92 for each settling class member.
Caudley Simon v. Wells Fargo Bank
In December 2019, Caudley Simon, a former Wells Fargo personal banker, sued Wells Fargo. He alleged that he and other workers were routinely deprived of proper meal and rest breaks, not given paper wage statements, and forced to spend hundreds of dollars to comply with bank dress code policies, all of which are violations of California labor laws. Simon also alleges that the bank failed to pay its workers for the wages it owed them after they left the company.
As reported by Law360, the employees argued that five distinct groups of Wells Fargo workers should be certified because they were all harmed by the same company policies applied across its branches in the Golden State, according to the motion filed in March 2021.
"This is a classic case for class certification," the motion said. "The...
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