Provident Savings Bank – Cross Motions for Summary Judgement

Nichols Kaster and counsel of Provident Savings Bank have filed cross motions requesting Summary Judgment on the administrative exemption and its impact on the exemption status of mortgage underwriters involved in the case. We have asked for a ruling that mortgage underwriters should have been classified as non-exempt, and Provident has asked for a ruling that underwriters were properly classified as exempt. There will be a hearing on these motions on March 16, 2015, and we expect a formal ruling to be issued in the weeks or months following that hearing.