Labor/Employment
Oct. 28, 2025
Judge to approve $65M World Financial Group PAGA settlement
A San Francisco judge said she will approve a $65 million settlement resolving a class action accusing World Financial Group of misclassifying 380,000 sales agents and running a pyramid-style recruiting scheme.
A judge said she would grant final approval for a $65 million settlement in a wage-and-hour class action against World Financial Group Insurance Agency -- a financial services company accused of running a "massive pyramid scheme" recruiting operation and misclassifying its sales agents as independent contractors.
After deductions, the net payout to class members totals approximately $43 million.
At a hearing on the final approval Monday, San Francisco Superior Court J...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In