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LenderLive Network, Inc. - $2.4 Million Class Settlement

UPDATE 11/10/2015

On November 19, 2013, Outten & Golden filed suit against LenderLive Network, Inc., seeking to recover 60 days wages and benefits for former employees under the Worker Adjustment and Retraining Notification ("WARN") Act who worked at or reported to the Madison Heights, Michigan facility and unpaid overtime under the Fair Labor Standards Act (FLSA) on behalf of mortgage underwriters. We contend LenderLive Network, Inc. ordered mass layoffs on or about October 15, 2013 without providing its employees with advance written notice, as well as denying overtime compensation to its current and former mortgage underwriters as required by the FLSA. The Case is pending in the United States District Court for the District of Colorado.

On July 22, 2015, Judge R. Brooke Jackson granted final approval of the WARN and FLSA class action $2.4 million settlement. FLSA Settlement checks (net of attorney's fees, litigation and administrative expenses, service payments and applicable tax withholdings) were mailed by the settlement administrator to class members on September 4, 2015, while WARN checks were mailed on October 12, 2015. Class members will have 90 days from the date of issuance of the settlement checks to deposit or negotiate their checks. After 90 days, unclaimed funds will revert to Defendant. If you have changed your mailing address over the past year, please call or email us your current mailing address immediately. Our contact information is below.

To contact us regarding this matter, please call 1-877 4-OUTTEN and ask for René Roupinian.

To update your address and telephone number, please contact us at:
OUTTEN & GOLDEN LLP
685 Third Avenue, 25th Floor
New York, NY 10017
Toll Free 1-877-4-OUTTEN
Telephone: 866-544-9945
Facsimile: 646-509-2070
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