Prospect Mortgage Workers Win Initial Cert. In OT Suit

Law360, New York (August 25, 2011, 1:36 PM EDT) -- A California federal judge on Tuesday conditionally certified a class of Prospect Mortgage LLC loan officers who were paid on a commission-only basis to bring claims that the residential mortgage lender misclassified them as exempt from federal wage requirements.

U.S. District Judge Lawrence K. Karlton conditionally certified a class consisting of all Prospect Mortgage loan officers from October 2007 through the present who were paid on a commission-only basis to bring claims under the Fair Labor Standards Act. However, the court partially denied the plaintiffs' motion...
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