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Boyd, et al. v. Bank of America, et al. Settlement

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Boyd, et al. v. Bank of America, et al. Settlement

Boyd, et al. v. Bank of America, et al. Settlement

Case Files

Complaint

Settlement

Preliminary Approval of Class Action Settlement

Class Action Settlement

Plaintiffs’ Motion for Attorneys’ Fees and Costs

Motion for Preliminary Approval

Motion for Final Approval

Final Approval of Class Action Settlement

Case Summary

Terry Boyd and the other plaintiffs were staff appraisers at Bank of America Corporation, LandSafe, Inc., and/or LandSafe Appraisal Services, Inc. (collectively, “LandSafe”), who filed a lawsuit that alleged causes of action against LandSafe for: (1) failure to pay overtime wages under federal and California law; (2) failure to pay earned wages upon discharge under California law; (3) failure to provide timely, accurate, itemized wage statements under California law; (4) failure to provide and/or authorize meal and rest periods under California law; (5) unlawful and/or unfair business practices in violation of California Business and Professions Code; and (6) penalties under the California Labor Code Private Attorneys General Act of 2004.

LandSafe denies that it is liable for any of the claims. However, in light of the risk, expense, and delay of proceeding to trial and potentially litigating an appeal of pre-trial rulings and the trial outcome, the parties agreed to settle the lawsuit, and the Court has granted preliminary approval of the settlement.

The settlement will provide $36 million to pay claims of current and former staff appraisers who worked for LandSafe in California between April 9, 2009 and September 28, 2015, who did not exclude themselves from the certified class in the lawsuit, and/or who worked as a staff appraiser between April 9, 2010 and September 28, 2015, and filed a consent to join the lawsuit.

Both LandSafe and Class Counsel for the Plaintiffs believe that this is a fair settlement of the staff appraisers’ claims, under the circumstances.

The Court has rescheduled the Final Fairness Hearing from January 11, 2016 to January 19, 2016. No other changes have been made to the deadlines and dates contained within the Class Notice.

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