Lesser v. TIAA Bank, FSB
Case Details
- Nature of Suit — the legal category of the dispute
- Labor: Fair Standards
- Status — whether other courts must follow this ruling
- Unknown
- Procedural Posture — the stage the case had reached
- consent decree
- State
- New York
- Circuit
- Second Circuit
Related Laws
No specific laws identified for this ruling.
Claim Types
Outcome
Court approved a $3.5 million FLSA settlement resolving wage-and-hour misclassification claims brought by 54 retail loan officers against TIAA Bank. The settlement was deemed fair and reasonable despite being approximately 25% of maximum potential recovery but aligned with likely recovery on the misclassification issue.
What This Ruling Means
This summary was generated to explain the ruling in plain English and is not legal advice.
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This ruling information is sourced from public court records via CourtListener.com. Case outcomes, claim types, and summaries are extracted using AI analysis and may be incomplete or inaccurate. It is provided for informational and educational purposes only and does not constitute legal advice.
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