Vanguard Mortgage Hit With Wage Suit

Law360, New York (October 18, 2006, 12:00 AM EDT) -- A loan officer in Maryland hit mortgage company Vanguard Mortgage & Title Inc. with a proposed class action on Monday over alleged unpaid overtime and a failure to properly pay minimum wage.

Reza Dean Mostofi, an employee of Vanguard subsidiary Global Financial Inc., brought the suit in the District Court of Maryland on behalf of himself and all loan officers that have worked for Vanguard in the Metropolitan Washington area in the last three years.

According to the suit, Mostofi worked 60 hours a week on...
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