June 26, 2017 1:49 AM ET

Real Estate Management and Development

Company Overview of LandSafe Appraisal Services, Inc.

Company Overview

As of September 30, 2015, LandSafe Appraisal Services, Inc. operates as a subsidiary of CoreLogic, Inc.

150 North College Street

NC1-028-17-06

Charlotte, NC 28255

United States

Key Executives for LandSafe Appraisal Services, Inc.

LandSafe Appraisal Services, Inc. does not have any Key Executives recorded.

LandSafe Appraisal Services, Inc. Key Developments

Subsidiary of Bank of America Agree to Pay $36 Million in California Overtime Infraction Case

A subsidiary of Bank of America has agreed to settle with 365 current and former employees for $36 million over charges it failed to pay overtime. The settlement comes just under the wire: It was slated to go to trial on Aug. 31, but the $36 million settlement, if and when it is approved by the court, now resolves all claims. The lawsuit filed in April 2013 in federal court alleged that Bank of America erroneously applied the 'administrative' and 'professional' exemptions to residential staff appraisers. It also charged that workers regularly worked from 6 a.m. to 10 p.m. without any overtime compensation from either the subsidiary, Landsafe Appraisal Services Inc., or Bank of America. Many of the workers were based in Northern California. The case, Terry P. Boyd et al. v. Bank of America Corp., was quickly seen as a benchmark for how employers apply in-house overtime rules. It has been closely watched by California employers as a harbinger for how federal courts may apply penalties related to overtime infractions.

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