2nd Circ. Blesses Class Waiver In Citi OT Suit

Law360, New York (August 13, 2013, 3:04 PM EDT) -- The Second Circuit ruled Monday that Citigroup Inc.'s individual arbitration policy must be enforced in an overtime collective action, reinforcing its acceptance of class waivers in Fair Labor Standards Act cases.

In a summary order, a three-judge panel reversed a district court's decision that the company's policy requiring individual arbitration of employment disputes could not be enforced in a collective action accusing the banking giant of misclassifying its home-lending specialists as exempt from the FLSA's overtime pay requirements. 

Siding with the banking giant in its appeal...
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