Better Mortgage has agreed to pay $7.185 million to settle a nearly six-year-long lawsuit, which alleges the company failed to pay overtime to mortgage underwriters it classified as exempt employees, according to court filings seeking preliminary approval of the agreement.
The proposed settlement, filed July 1, would resolve claims brought by 211 current and former underwriters who joined the federal lawsuit, along with related claims under California’s Private Attorneys General Act (PAGA) covering 116 employees. Workers whose claims were previously sent to arbitration are not included in the settlement, nor does the agreement cover a broader class of employees.
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