Mortgage Underwriters Hit Flagstar With OT Suit

Law360, New York (August 5, 2010, 5:00 PM EDT) -- A mortgage underwriter for Flagstar Bancorp Inc. has launched a proposed class action accusing the savings and loan company of shorting her and other employees on overtime compensation.

Mary Kitrys' lawsuit, filed Tuesday in the U.S. District Court for the Eastern District of Michigan by Nichols Kaster PLLP attorneys Timothy C. Selander, Paul J. Lukas and Charles G. Frohman, claims Flagstar violated the Fair Labor Standards Act by failing to properly compensate mortgage underwriters at the applicable overtime rate.

According to Kitrys, she and other similarly...
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