Countrywide Hit With Overtime Suit

Law360, New York (April 17, 2008, 12:00 AM EDT) -- Countrywide Financial Corp. has become the latest in a string of mortgage lenders to face employment-related claims, with a group of current and former loan specialists claiming in a new lawsuit that the company failed to pay them overtime.

Plaintiffs' firm Nichols Kaster & Anderson LLP said Thursday it had filed a proposed class action against Countrywide for wage and hour violations under California laws and the Fair Labor Standards Act in the U.S. District Court for the Northern District of California.

The lawsuit was not...
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