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Saturday, April 11, 2026

Wells Fargo's $6.5 Million Settlement Gets OK in Wage, Hour Suit - Bloomberg Law

Wells Fargo Bank NA‘s $6.5 million settlement of class action claims by the lender’s California employees won final approval in the Central District of California.

The settlement, approved by Judge John A. Kronstadt of the US District Court for the Central District of California, allocates $1.6 million to a meal and rest period settlement class; $500,000 to a waiting time penalty settlement class; and more than $2 Million to a branch banking settlement class. The order was docketed Tuesday.

  • Lead plaintiff Caudley Simon alleged that Wells Fargo violated the California Labor Relations Code by failing to provide meal breaks ...

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