Mortgage Co. Must Arbitrate Loan Officers' Wage Claims

Law360, New York (September 6, 2013, 3:17 PM EDT) -- A California federal judge said Thursday that 70 Prospect Mortgage LLC commission-only loan officers accusing the residential mortgage lender of misclassifying them as exempt from federal wage requirements could arbitrate individually with the company even though they had previously joined a collective action.

U.S. District Judge Dolly M. Gee granted the employees a motion to compel individual arbitration, dismissing Prospect's arguments that the employees had waived their right to arbitration when they joined a previously-filed Fair Labor Standards Act collective action, Sliger et al. v. Prospect...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Rudy Aguilera et al v. Prospect Mortgage LLC


Case Number

2:13-cv-05070

Court

California Central

Nature of Suit

Labor: Fair Standards

Judge

Dolly M. Gee

Date Filed

July 15, 2013

Law Firms

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.