Downey Savings And Loan Hit With FLSA Suit

Law360, New York (May 30, 2008, 12:00 AM EDT) -- A former loan officer at Downey Savings and Loan Association FA launched a putative class action last week alleging that the California bank denies its workers overtime pay and otherwise violates state and federal labor laws.

John Sones, who worked as a loan officer at Downey for three months until February 2008, lodged the complaint in the U.S. District Court for the Southern District of California, accusing the bank of misclassifying its loan officers as exempt from overtime compensation in violation of the Fair Labor Standards...
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