CitiMortgage Withheld Sales Commissions, Suit Says

Law360, New York (February 4, 2011, 4:07 PM EST) -- A former sales manager for Citigroup Inc.'s mortgage lending unit has launched a proposed class action accusing the lender of unlawfully requiring employees to forfeit earned commissions if they leave the company before a loan closing.

Sotirios Stamatis filed a complaint Wednesday in the U.S. District Court for the Southern District of California alleging CitiMortgage Inc. violated California labor law by withholding commissions earned from selling a loan if the loan representative quits or is fired before the loan is processed and before customers pay for...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Stamatis v. Citimortgage, Inc.


Case Number

3:11-cv-00226

Court

California Southern

Nature of Suit

Labor: Other

Judge

Dana M. Sabraw

Date Filed

February 2, 2011

Law Firms

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.