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Two class action lawsuits that accused Prudential Insurance Company of denying overtime pay has merged into a preliminarily approved class action settlement. Primary plaintiffs alleged that Prudential violated provisions of the federally enacted Fair Labor Standards Act of 1938 by refusing to pay overtime to certain agents employed by the company. In addition to the denial of overtime pay, the lead plaintiffs charged Prudential with taking illegal tax deductions and requiring some agents to pay for business-related costs.
Initially filed in September of 2006, the Prudential unpaid overtime class action lawsuit asserted that Prudential incorrectly classified several full time employees as part time independent contractors. Because of the misclassification, the primary plaintiffs allege Prudential unlawfully withheld regular pay, as well as failed to compensate full time employees for working overtime.
Prudential Insurance Company continues to deny breaking any of the provisions listed in the Fair Labor Standards Act of 1938. However, the company agreed to the class action settlement to avoid the high costs of litigating a civil trial.
What You Need To Know About The Prudential Unpaid Overtime Class Action Settlement
According to class counsel, eligible class members include agents who work or have worked in a large number of states.
Here is the list of qualifying states and the time requirements eligible class members must meet:
California starting on or after March 20, 2004
Hawaii starting on Dec. 15, 2002
Illinois starting on Dec. 15, 2003
Michigan starting on Dec. 15, 2002
Missouri starting on Dec. 15, 2006
Montana starting on Dec. 15, 2003
New Jersey starting on Dec. 15, 2002
New York starting on Dec. 15, 2002
Ohio starting on Dec. 15, 2006
Oregon starting on Dec. 15, 2002
Pennsylvania starting on Sept. 15, 2003
Washington starting on Dec. 15, 2005
Refer to the class action settlement website www.PFIClassActionSettlement.com to learn about the other settlement class member categories. The potential award is based on a calculation based on the number of weeks each eligible class member worked. If you qualify for one of the class categories, you have to submit the claimant ID and control number presented on the claim form mailed to you. The deadline to submit a valid claim is October 30, 2017.
The judge presiding over the class action settlement case Jeffrey Bouder, et al. v. Prudential Financial Inc., et al. and Jim Wang, et al. v. Prudential Financial Inc., et al., Case No. 2:06-cv-04359-CCC-MF, in the U.S. District Court for the District of New Jersey has scheduled the final hearing on December 11, 2017. Learn what transpired at the final hearing by visiting the class action settlement website. The website also includes the list of attorneys who represent the class and defense counsels and any updated information concerning the potential award.