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Loan Officers Represented by Nichols Kaster Bring Suit for Overtime Pay Denied by Prospect Mortgage

SACRAMENTO, CA--(Marketwire - October 19, 2010) -  On October 18, 2010, Nichols Kaster, LLP filed a putative nationwide collective and class action lawsuit on behalf of loan officers that worked for Prospect Mortgage, LLC. The lawsuit was filed in the United States District Court for the Eastern District of California. In their complaint, the employees assert that Prospect Mortgage violated the federal Fair Labor Standards Act and California labor laws by misclassifying its loan officers as exempt from overtime pay and minimum wages.

Plaintiffs are represented by Nichols Kaster, LLP in San Francisco, California. The case is entitled Sliger et al. v. Prospect Mortgage, LLC et al., Case No. 1:10-cv-01952-LJO-SMS (E.D. Ca).

Individuals may find additional information at www.overtimecases.com or by calling Nichols Kaster toll free at (877) 448-0492.