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LenderLive Network, Inc. — $2.4 Million Class Settlement

Status:
Resolved
Updated:

On November 19, 2013, Outten & Golden filed suit against LenderLive Network, Inc., seeking to recover 60 days wages and benefits for former employees under the Worker Adjustment and Retraining Notification ("WARN") Act who worked at or reported to the Madison Heights, Michigan facility and unpaid overtime under the Fair Labor Standards Act (FLSA) on behalf of mortgage underwriters. We contended that LenderLive Network, Inc. ordered mass layoffs on or about October 15, 2013 without providing its employees with advance written notice, as well as denying overtime compensation to its current and former mortgage underwriters as required by the FLSA.

On July 22, 2015, Judge R. Brooke Jackson for the United States District Court for the District of Colorado granted final approval of the WARN and FLSA class action $2.4 million settlement. FLSA Settlement checks (net of attorney's fees, litigation and administrative expenses, service payments and applicable tax withholdings) were mailed by the settlement administrator to class members on September 4, 2015, while WARN checks were mailed on October 12, 2015. All checks have now been distributed to Class Members and the case is closed.

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To contact us regarding this matter, please call 1-877 4-OUTTEN or email us. 

(*Prior results do not guarantee a similar outcome.)