Bank of America Vacation Pay Class Action Settlement
Case Overview
Bank of America, a financial institution providing various services, agreed to settle claims concerning its failure to pay out vacation time to former employees in California, Illinois, and New York. The settlement addresses allegations that the bank violated state laws in these jurisdictions by not compensating employees for their accrued but unused vacation time when they left the company.
The claims center on the failure to pay out vacation time, with specific laws cited from California, Illinois, and New York that require employers to provide such payouts upon termination. Bank of America has not admitted any wrongdoing in agreeing to the $4.28 million settlement to resolve the matter.
Class members can receive a cash payment proportional to the vacation time they accumulated while working for the bank. While no claim form is necessary, the deadline for exclusion and objection is November 27, 2026, and the final approval hearing is set for December 17, 2026. Class members who do not exclude themselves will automatically receive the settlement benefits.
Who May Qualify
Former Bank of America employees who worked in California, Illinois, and/or New York, who had a positive vacation balance at the time of separation from employment, and who did not receive a payout for accrued but unused vacation at the time of separation.
Frequently Asked Questions
Who is eligible for this settlement?
The settlement benefits former Bank of America employees who worked in California, Illinois, and/or New York. You must have had a positive vacation balance when you left the company and must not have received a payout for your unused vacation time at the time of separation.
Do I need to file a claim form to get paid?
No, a claim form is not required to benefit from this settlement. Class members who do not take action to exclude themselves will automatically receive the settlement benefits.
What are the deadlines for this settlement?
The deadline for exclusion and objection is November 27, 2026. The final approval hearing for the settlement is scheduled for December 17, 2026.
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