Northwestern Mutual Faces OT Class Action By Sales Reps

Law360, New York (January 9, 2012, 6:58 PM EST) -- Northwestern Mutual Life Insurance Co. misclassifies its sales and financial agents as independent contractors in order to avoid paying minimum wages and overtime, according to a putative class action removed to California federal court on Thursday.

The insurer and its local office San Francisco Bay Area Group Inc. violated the California labor code and California unfair competition laws by classifying its representatives as independent contractors and denying them proper wages, former sales rep David Giannini said in the complaint.

Giannini and fellow former and current sales...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.