The 15 ex-employees that have provided sworn statements struggled to obtain Quicken mostly during 2004-2007, during the height for the home loan growth.
A Minneapolis law practice has filed four lawsuits that are overtime-related a huge selection of ex-employees. 1st one set to attend test involves workers whom worked for Quicken into the period that is earliest included in the situations. The plaintiffs’ attorneys won’t start evidence that is putting the record within the cases involving more modern workers before the older instance gets its time in court.
A spokeswoman stated Quicken’s loan consultants enjoy “a assured salary and an ample payment plan. ” She stated the business relied on guidance through the U.S. Department of Labor in determining they don’t be eligible for overtime pay. Due to the fact workers offer expert monetary advice to borrowers in quite similar means that stock agents advise investors, the business has stated, these are generally salaried and commissioned workers that are exempt from overtime rules.