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You're browsing: HSBC News » Jobs and Layoffs » Article Title: HSBC Loan Officers and overtime class action

Does anyone know the current status of this class action?

Updated 3/24/2008:
Court Grants Conditional Certification and Partial Summary Judgment to HSBC Loan Officers
On March 19, 2008, Judge Maxine Chesney of the Northern District of California gave a sweeping victory to NKA when she conditionally certified a nationwide class of current and former loan officers who were denied overtime. The Court simultaneously dismissed several of HSBC’s affirmative defenses, stopping HSBC’s attempt to claim that its loan officers were exempt from overtime rules based on the “administrative,” “retail sales,” “executive,” and “professional” exemptions. The case will now focus on whether HSBC nationwide misclassified its loan officers as outside salespeople, unlawfully denying them overtime and other compensation. Judicial notice will issue soon to the entire class.

Change of address and/or telephone
To update your address and telephone number, please contact the attorneys at:

Nichols Kaster, LLP
Attn: Brad Heitzinger
One Embarcadero Center, Suite 720
San Francisco, CA 94111
Toll Free Telephone: 877-777-0622
Telephone: 415-277-7235
Facsimile: 612-215-6870
Email: bheitzinger@nka.com

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