$690K Guaranteed Rate Employee Wage & Hour Class Action Settlement (CA Only)

Who is a Class Member

The Guaranteed Rate Employee Wage and Hour Class Action Settlement includes “all persons who are currently employed, or formerly have been employed, by GRI in California as divisional managers, regional managers, branch managers and loan officers, and in other comparable positions, at any time between March 28, 2013 and August 28, 2018.”

If you don’t qualify for this settlement, check out our database of other class action settlements you may be eligible for.

Settlement Amount

  • $690,000.00

Estimated Award

  • Varies

Your payment under the settlement will be calculated based on the number of weeks you worked for GRI.

Proof of Purchase

  • N/A

Claim Form

  • N/A

Guaranteed Rate Employee Wage and Hour Settlement Notes

  • Tadena v. Guaranteed Rate, Inc.
  • Case No. 34-2018-00232323
  • Pending in the Superior Court of the State of California, County of Sacramento

In May 2018, Plaintiff Benita Tadena initiated this class action lawsuit alleging that Guaranteed Rate Inc. failed to reimburse employees expenses owed, provide itemized wage statements, and improperly calculated commissions and bonuses, as well as illegally deducting wages from employees.

Guaranteed Rate Inc. is a U.S. residential mortgage company headquartered in Chicago, Il. Founded in 2000, it was a top 5 mortgage lender in 2016 with $22.9 billion in funded volume.

There are two additional pending class action lawsuits that were filed after the Tadena case and which allege claims that overlap with this settlement.

One such lawsuit, which was filed on May 4, 2018, is entitled Chung Ping Turng v. Guaranteed Rate, Inc., United States District Court for the Northern District of California, Case No. 3: l 8-cv-02642, and is brought on behalf of all persons employed by GRI in California who were expected to sell GRl’s products and services to customers, including mortgage specialists, loan officers, loan originators, branch managers and all other similar positions.

The other lawsuit, which was filed in November 2018 is Karla Pereyra v. Guaranteed Rate, Inc., United States District Court for the Northern District of California, Case No. 4: 18-cv-06669 and alleges similar claims. For further information about the Turng or Pereyra Actions, you may contact the Claims Administrator

GRI denies the allegations and denies that it owes money for any of the claims alleged in the Tadena case. The company contends that it has complied at all times with California Labor Code. GRI also believes that there is an enforceable arbitration clause in its employment contract but is settling as a compromise to avoid the uncertainties of litigation. Complete details about the case and settlement are provided on the Guaranteed Rate Employee Wage and Hour settlement website.

Class members who wish to exclude themselves or object to the settlement must do so by January 18, 2019.

If you wish to dispute the information about the number of workweeks showed on your notice, you must do so by January 18, 2019.

Note: You will automatically receive money from the settlement if you do not submit a request to be excluded from the settlement.

Important Dates

  • 1/18/19: Disputes Deadline
  • 1/18/19: Objection or Exclusion Deadline
  • 2/1/19: Final Hearing at 2:00 pm PT* (class members do not need to attend this hearing in order to receive a slice of the settlement pie).

*Settlement Class Members who wish to speak at the hearing should check www.GRISettlement.com to confirm that the date or time of the Hearing has not been changed.

Contact Information

  • Mail: Tadena Class Action Settlement, Claims Administrator, P.O. Box 404089, Louisville, KY 40233-4089
  • Phone: 1-800-403-4569

Class Counsel

Settlement Website

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