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PNC settles overtime suit for $16M – CPBJ

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Best Mortgage Programs | ChrisLuis.com PNC settles overtime suit for $16M – CPBJ PNC settles investor class action suit for million. potential claims brought against it by plaintiffs.A PNC representative did not return calls seeking comment on the settlement. In.Mortgage Assistance Programs for Educators. of Housing and Urban Development.

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A recent lawsuit against PNC Bank alleging the bank violated truth in lending and racketeering laws has tentatively settled. An arbitration panel appointed by a federal judge will determine the amount of the final settlement. PNC wants to pay just $24 million while the bank’s affected customers are demanding $70 million. The case began in 2003.

 · PNC Bank has agreed to pay $16 million to settle claims that it did not fairly pay some of its employees for overtime work, according to documents filed in Pennsylvania’s Western District Court.

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PNC has agreed to pay $16 million to settle a federal overtime lawsuit filed by current and former mortgage loan officers, according to court documents. U.S. District Judge Arthur Schwab approved the class-action settlement Tuesday. The settlement covers 3,431 people who worked for the bank nationwide since Aug. 7, 2012.

Is a PNC Bank branch manager entitled to overtime pay? Is an assistant branch manager at PNC Bank entitled to overtime pay? How do I file an overtime claim against PNC Bank? Who is the best lawyer for a PNC Bank overtime pay lawsuit? Our experienced PNC Bank overtime pay attorneys can determine whether you are entitled to overtime wages based.