Seattle A judge has approved a $4.1 million settlement in a class-action lawsuit filed by Bank of America employees who said they were encouraged to work extra hours without filing for overtime.
The salaried employees may have had titles such as "client manager," but they weren't exempt from overtime rules, said plaintiffs' attorney Gary Nece of Seattle.
"These practices are common across the financial-services industry and in almost every service industry," Nece said. "Many people think that if they are salaried or are highly compensated, or have 'manager' in their job title, they aren't entitled to overtime pay. That's just not true."
The settlement was approved Thursday by a King County Superior Court judge.
The bank, based in Charlotte, N.C., admitted no wrongdoing, saying it believed the employees were exempt because of the nature of their work. It recently settled a similar case in California.
The average payout will be $9,200, Nece said.