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Failure to Pay Overtime to Mortgage Loan Officers – $66,250

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In 2015, Edward Maginnis and Karl Gwaltney represented several individual loan officers who had not been paid overtime and/or commissions for monies owed to them. The bank claimed that the loan officers were exempt employees under the “outside sales” exemption of the Fair Labor Standards Act. After litigating the case before an arbitrator, our clients resolved their claims for amounts significantly in excess of the wages that were owed.


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