Law360, New York (August 25, 2011, 1:36 PM ET) -- 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...
Prospect Mortgage Workers Win Initial Cert. In OT Suit
To view the full article, take a free trial now.
