Mortgage World Ex-Loan Officers Seek Collective Cert.

By Ben James

Law360, New York (November 19, 2009, 3:40 PM ET) -- Former loan officers who claim that Mortgage World Bankers Inc. saved millions in payroll cost — but ran afoul of federal law — by refusing to pay them minimum wage and a premium overtime rate have asked a judge to certify their suit as a collective action.

Named plaintiff Horacio Carrica filed the bid for collective action certification in the U.S. District for the Eastern District of New York on Wednesday, asking the court for a green light notify prospective class members about the pending suit...
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