PrimeLending Loan Officers Must Arbitrate Wage Claims

Law360, New York (August 16, 2012, 8:04 PM EDT) -- A California federal judge on Tuesday sent a loan officers' putative wage-and-hour class action against mortgage lender PrimeLending to individual arbitration after finding that the company's employment agreement could be enforced with certain provisions left out.

U.S. District Judge Andrea Keifer found that portions of an arbitration clause contained in PrimeLending’s employment agreements, including a provision that would keep the arbitration confidential and another that dealt with trade secret misappropriation, could be deemed “unconscionable” under California law, but said that as a whole, the agreement was...
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