Offit Kurman
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Owings Mills, MD 21117
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A Chicago federal appellate court has struck down a $10 million arbitration award to loan officers in a class action against Waterstone Mortgage, which alleged the company shorted officers on overtime pay, saying arbitration should only have involved the plaintiff, not another 174 employees who joined the action.
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A federal judge has confirmed another recused judge's decision earlier this spring to refuse to end a class action brought by a group of bank loan officers, who accused their employer, American Bank and Trust, of shorting them wages and commissions.
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A Chicago federal judge has signed off on an order certifying a class of plaintiffs suing Bridgeview Bank for not properly paying its loan officers.