Nichols Kaster PLLP has filed a putative nationwide class action lawsuit on behalf of loan officers who worked for Guardian First Funding Group LLC. The lawsuit was filed in the U.S. District Court for the Southern District of New York. In their complaint, the employees assert that Guardian First Funding Group LLC violated the federal Fair Labor Standards Act and New York Labor Laws by misclassifying its loan officers as exempt from overtime pay and minimum wages.
"The case law has made clear over the past 10 years that loan officers should receive overtime pay, this company apparently thought it could cheat its loan officers without getting caught," said Plaintiffs' Attorney Michele R. Fisher.
Plaintiffs are represented by Paul J. Lukas, Michele R. Fisher, and Reena I. Desai from Nichols Kaster PLLP in Minneapolis. The case is entitled Rafael Febus et al. v. Guardian First Funding Group, LLC, and Jason Levy, and Mark Fidel individually, Case No. 1:10-cv-02590-SHS S.D. New York.
For more information, visit www.overtimecases.com.