On April 17, 2017, Plaintiffs Bolding and Manfredi filed this lawsuit on behalf of themselves and other Settlement Class Members employed by Defendant Banner Bank as MLOs. They later amended their complaint, adding Plaintiff Ward as a Class Representative. They assert claims under FLSA and Washington, California, and Oregon state law respectively on behalf of themselves and other MLOs who worked in those states. For their claims, Class Representatives seek unpaid minimum and overtime wages, double damages where applicable, penalties where applicable, pre-judgment interest, post-judgment interest, injunctive relief, attorneys’ fees and costs, and all other relief to the fullest extent allowed by law.
On October 4, 2023, U.S. District Court Judge Robert S. Lasnik issued an order granting Plaintiff’s motion for preliminary approval of the class action settlement. Class Counsel secured an excellent recovery for the Settlement Class by negotiating a $15 million settlement with Defendant Banner Bank.