Investors Bank FLSA Collective Action Lawsuit

M. Kirkman v. Investors Bancorp, Inc.
United States District Court for the District of New Jersey
Docket No.: 20-14574

Counsel: Justin Swidler, Matthew Miller

On October 16, 2020, an Investors Bank employee filed a federal lawsuit alleging that Investors Bank failed to pay her and other employees in New York and New Jersey overtime wages as required under the Fair Labor Standards Act. Specifically, the Named Plaintiff alleges that Investors Bank failed to pay hourly employees for performing opening procedures at Investors Bank’s branches each morning, including but not limited to waiting for co-workers to arrive on the premises.

The Parties have reached a settlement, which is on file with the Court. On February 7, 2024, the Court granted final approval to the settlement. The Settlement Administrator, JND Legal Administration, will mail checks to eligible individuals by the end of March 2024. Individuals will have 120 days from the date of issuance to cash their checks.