Conditional Cert. Denied In HSBC Finance FLSA Case

By Ben James

Law360, New York (February 19, 2010, 2:49 PM ET) -- A federal judge has refused to conditionally certify a nationwide class of thousands in a suit alleging HSBC Finance Corp. account executives had to work off the clock and weren't paid a premium rate for overtime hours.

Judge Samuel Conti of the U.S. District Court for the Northern District of California signed an order rejecting the former account executive plaintiffs' motion for conditional certification on Thursday.

HSBC Finance and subsidiary Beneficial Co. LLC contended that the court should apply the stricter "second-tier analysis" as opposed to...
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