Wage Law

Bank of America Corp. has agreed to pay up to $9 million to settle a class action lawsuit brought by its California loan workers who sued to recover back overtime pay. The eligible class members include account executives, trainees and other workers selling home mortgages and personal loans.

Bank of America, of course, denies any wrongdoing. If approved by the U.S. District Court in San Francisco, the bank will pay up to $6.68 million to the workers and $2.25 million to their lawyers, depending upon the number of claims made.