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PNC settles asst. bank managers' unpaid OT claims class action for $6M; $2M to plaintiffs' attorneys

Jonathan Bilyk Nov. 30, 2016, 5:01pm

A little over a year since a group of several hundred assistant bank branch managers sued PNC Bank for allegedly denying them overtime pay, a federal judge in Chicago has signed off on a deal to end the litigation for $6 million, which would send around $2,000 on average to each of the allegedly wronged assistant managers and $2 million to the attorneys who brought the case.

Big banks not on the hook for failing to stop $14 million embezzlement by doctors' bookkeeper

Scott Holland May 6, 2016, 11:39pm

Three big banks will not be on the hook for millions allegedly embezzled by the former bookkeeper for a group of Chicago area medical practices, after a federal judge agreed the banks had no duty to detect and thwart the fraud, which the doctors said cost them more than $14 million.