Litigation
Aug. 15, 2015
Federal judge rules bank's mortgage underwriters cannot get overtime pay
An Eastern District judge said the underwriters exercise too much independent discretion and therefore are exempt from overtime pay under the Federal Labor Standards Act.
Daily Journal Staff Writer
Tossing aside a framework often used to determine who is exempt from overtime, a federal
judge on Wednesday ruled a bank's mortgage underwriters exercise too much independent
discretion to get time-and-a-half pay after working more than 40 hours in a week.
U.S. District Judge Garland E. Burrell ruled former Provident Saving...
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