Class Action Waivers Enforceable, Citigroup Tells 2nd Circ.

Law360, New York (June 19, 2012, 2:40 PM ET) -- An employee's class action waiver is not unenforceable and is in fact supported by the U.S. Department of Labor and a wide body of court precedent, Citigroup Inc. told the Second Circuit on Monday, challenging a lower court's decision to the contrary.

Citigroup argued in a reply brief that a New York federal court's decision denying the bank's motion to compel arbitration in a Fair Labor Standards Act class action — which was brought by a group of lending specialists alleging they were denied overtime pay...
To view the full article, register now.