Recent News About PNC Bank View More
A divided federal appeals panel has tossed an $84,000 sanctions order against an attorney, finding a federal judge abused discretion in imposing the sanctions in a breach of contract suit brought by a telecommunications vendor against PNC Bank.
PNC settles asst. bank managers' unpaid OT claims class action for $6M; $2M to plaintiffs' attorneys
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.
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.