AmEx Backs Class Waiver Enforcement In OT Suit, Citi Says

Law360, New York (July 15, 2013, 5:09 PM EDT) -- Citigroup Inc. told the Second Circuit on Friday that the U.S. Supreme Court's recent decision in an antitrust case against American Express Co. supported its bid to enforce its arbitration agreement with employees, which bars class actions, in a wage-and-hour suit.

Citigroup is appealing U.S. District Judge Robert Sweet's refusal to compel individual arbitration of the two named plaintiffs claims in a collective action accusing the banking giant of misclassifying its home-lending specialists as exempt from the Fair Labor Standard's Act's overtime pay requirements. The appeals court...
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