Below is reposted from twincities.com. It reads…
A class action lawsuit filed Tuesday in U.S. District Court in Illinois alleges that TCF Bank misclassified employees to avoid paying them overtime.
The complaint accuses Wayzata-based TCF of trying to reduce labor costs by classifying assistant branch managers as overtime-exempt, despite being assigned to the same type of work as overtime-eligible employees.
“We have reviewed the lawsuit and deny the allegations,” TCF spokesman Mark Goldman said. “Beyond that, we cannot comment on the specifics of the case. We look forward to presenting our argument in court.”
The two former employees named in the suit seek back overtime pay and a judgment declaring illegal a waiver they signed giving up their rights to join a class action.
TCF is Minnesota’s third-largest bank by deposits and has branches in eight states.
— Nick Woltman
Communications Systems, Minnetonka, has appointed Roger H.D. Lacey as chief executive officer, effective Wednesday. … Law firm Fredrikson & Byron, Minneapolis, has promotedRobert J. Hamilton to serve as its chief operating officer and hired Julie M. DuBois to serve as its chief financial officer.