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Judge to approve $27.5M settlement between Wells Fargo, hourly employees

Superior Court of California, County of Alameda Judge Winifred Smith said she will approve the $27.5 million settlement between Wells Fargo Bank NA and a group of hourly paid Golden State bankers and sales representatives, Law360 reported March 16.

The plaintiffs alleged that Wells Fargo required them to work for more than 40 hours a week without overtime pay and shortened meal breaks, according to the news source.

The plaintiffs' attorneys will receive 33% of the fund, the report added.