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News | Sep 16, 2013

CORPORATION LOOSES BID TO PREVENT ARBITRATION

In a classic “man bites dog” story, a mortgage company has failed to prevent 188 mortgage loan officers from arbitrating their overtime rights claims.  It seemed like Corporate America’s love affair with arbitration clauses is not so strong when they face multiple claims and realize that arbitration really is pretty expensive and inefficient.  You should read this decision, which is entitled Aguilera v. Prospect Mortgage, LLC, 2:13-cv-05070 (C.D. Cal. Sept. 5, 2013).

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