Kenneth J. Lee, Mark G. Thompson, and David C. Acree, individually, on behalf of others similarly situated, and on behalf of the general public v. JPMorgan Chase & Co., JPMorgan Chase Bank, National Association, and Does 1 through 10, inclusive
Published: Dec. 13, 2014 | Result Date: Nov. 13, 2014 | Filing Date: Jan. 1, 1900 |Case number: 8:13-cv-00511-JLS-JPR Settlement – $2,400,000
Court
USDC Central
Attorneys
Plaintiff
William C. Jhaveri-Weeks
(The Jhaveri-Weeks Firm PC)
David Borgen
(Goldstein, Borgen, Dardarian & Ho)
Katrina L. Eiland
(American Civil Liberties Union Foundation)
Michael D. Thomas
(Jackson Lewis PC)
Bryan J. Schwartz
(Bryan Schwartz Law PC)
Defendant
Alexander L. Grodan
(Morgan, Lewis & Bockius LLP)
Eric Meckley
(Morgan, Lewis & Bockius LLP)
Daryl S. Landy
(Morgan, Lewis & Bockius LLP)
Facts
Kenneth Lee, Mark Thompson, and David Acree filed a wage and hour class and collective action against JPMorgan Chase & Co., JPMorgan Chase Bank, and National Association.
Contentions
PLAINTIFFS' CONTENTIONS:
Plaintiffs alleged that they were employed by defendants as real estate appraisers and that defendants misclassified them as exempt employees and misrepresented that they were, therefore, not entitled to overtime wages. Plaintiffs also made a claim against defendants for waiting time penalties.
DEFENDANTS' CONTENTIONS:
Defendants denied the allegations of plaintiffs' claims and asserted various separate defenses.
Result
The parties settled the lawsuit and the court granted preliminary approval of the settlement. Under the settlement, the defendants agreed to pay $2,400,000 to a common fund. Of that fund, approximately $1,512,500 would be used to pay the estimated 158 class members, with each to receive an average of $9,500. Defendants also agreed to reclassify the "Appraiser I" position as non-exempt so that employees in that position would be paid for overtime and missed meal or rest periods.
Other Information
FILING DATE: March 29, 2013.
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