Ally Financial Whittles Mortgage Underwriter FLSA Claims

Law360, New York (June 30, 2011, 6:21 PM EDT) -- Ally Financial Inc. on Wednesday resolved overtime claims in Washington state from a former mortgage underwriter, though it still faces a separate class action similarly alleging that the bank misclassified its mortgage staff.

Plaintiff Darlene Darling, a former employee at Ally’s mortgage business Residential Capital LLC, and the bank filed a joint motion of dismissal after resolving claims that mortgage underwriters were misclassified as exempt for overtime pay under federal and state law.

The plaintiff lodged the complaint in Connecticut federal court in November, claiming that...
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