$10.5 Million Settlement Reached in Aon Insurance Services Employment Lawsuit

Irvine, CA: Los Angeles Superior Court judge has given final approval to an overtime class action settlement involving Aon Insurance Services, Inc. (now known as Aon Private Risk Management of California Insurance Agency, Inc.), Aon Risk Services Companies, Inc. and Aon Corporation, which calls for a guaranteed payment of $10.5 million by the defendant.

The case alleged that California Account Specialists, whose work involves assisting Account Managers in providing insurance brokerage services to Aon's clients, have been misclassified by the defendant as exempt administrative employees.

The case was filed in September, 2007. The parties engaged in substantial pre-trial litigation, including deposing over 100 witnesses. In May, 2010, Los Angeles Superior Court judge Carolyn Kuhl granted plaintiffs' motion for class certification.

As the case was preparing for trial, the parties were able to reach a settlement. Today, the final step of the class action settlement approval process took place, with Judge Elihu M. Berle granting full approval to the settlement on behalf of 534 class members. It is anticipated that settlement proceeds will be sent to Class Members within the next sixty days.

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Published on Jun-29-11