On March 13, 2014 a former employee of Flagstar Bank (“Flagstar”) filed suit in California federal court seeking unpaid overtime wages under federal law and California state law. The Plaintiff alleges that Flagstar misclassified himself and other mortgage underwriters as exempt from the overtime requirements of the Fair Labor Standards Act and California state law and as a result, improperly denied them overtime compensation.
The case is entitled Jefferson et al v. Flagstar Bank and was filed in the United States District Court for the Central District of California. The case number is 8:14-cv-00382.
According to the complaint, Flagstar uniformly classifies its mortgage underwriters as “exempt” from overtime pay and did not pay them overtime, even though Plaintiff believes that he and other mortgage underwriters were entitled to receive overtime pay.
The Plaintiff is represented by Matthew Helland from Nichols Kaster, LLP, which has offices in Minneapolis, Minnesota and San Francisco, California. Additional information is available by contacting Nichols Kaster, LLP toll-free at (877) 344-4628.