Judge Refuses To Dismiss FLSA Suit Against HSBC

Law360, New York (August 24, 2007, 12:00 AM EDT) -- HSBC Mortgage Corporation will meet a group of its senior retail lending consultants in court, after a California judge refused to toss a case filed by the brokers alleging that the bank failed to pay them overtime.

In a ruling handed down on Friday, Judge Maxine M. Cheseny of the U.S. District Court for the Northern District of California refused to grant HSBC's motion to dismiss a Fair Labor Standards Act lawsuit filed against the bank's mortgage arm by its senior brokers.

In a minor victory...
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.