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...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.