Judge Pares Countrywide OT Competition Claims

Law360, New York (December 15, 2011, 1:33 PM EST) -- A California federal judge ruled Wednesday that a recent state high court decision required dismissing unfair competition claims brought by out-of-state mortgage executives in a nationwide overtime class action against Countrywide Financial Corp.

U.S. District Judge Josephine Staton Tucker granted partial summary judgment to Countrywide, finding that the California Supreme Court’s June 2011 decision in Sullivan v. Oracle Corp., repeated by the Ninth Circuit on Tuesday, precluded holding companies liable for Fair Labor Standards Act violations committed outside California under the state’s unfair competition law....
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