I know this simply because I know noticed most other loan officials daily doing work over forty hours per week and you may is told by Continental that all of its loan officers were paid-in a comparable or comparable way
In reality, the character away from Plaintiffs’ claim – which pressures Defendants’ compensation scheme – fundamentally involves well-known questions out-of legislation. These types of well-known legal questions include whether Defendants’ percentage-pay just plan, and this used on all of the mortgage officers, violates the brand new York Labor Posts, if or not Defendants misclassified its loan officers while the excused from payday loans near me overtime, and you will if or not Defendants didn’t manage precise date ideas as required by the . . . Nyc Work [*3]Law. . . . . Right here, Plaintiffs problem the newest legality regarding Defendants’ plan off classifying the inside-sales financing officials as the excused. It will be the common concern at the key for the instance and you may backlinks most of the category players (Plaintiffs’ Memorandum out-of Legislation from inside the Service within p ten-11).
