Wintrust Faces Collective Action From Underwriters

Law360, New York (October 22, 2010, 2:20 PM EDT) -- A loan underwriter has slapped Wintrust Mortgage Corp. with a putative collective action alleging the lender denied her and other Wintrust underwriters around the country straight time pay and overtime wages.

Stacy Hadley, a former underwriter in a Wintrust office in Kansas, alleged Thursday in the U.S. District Court for the District of Kansas that the company willfully withheld straight time and overtime compensation from its underwriters in violation of the Fair Labor Standards Act.

According to Hadley’s complaint, Illinois-based Wintrust maintained a practice and policy...
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