National City resolves nationwide FLSA collective action challenging exempt status of loan officers
Clients National City Corporation
Jones Day successfully represented National City Corporation in a nationwide FLSA collective action. The action was a 5000-person case brought pursuant to the Fair Labor Standards Act ("FLSA"). The plaintiff claimed that National City loan originators were improperly classified as exempt from the FLSA's overtime provisions. National City settled the case with court approval on mutually agreeable terms.
Derrick Perry v. National City Mortgage, Inc. Case No. 6:05-CV-06590, Case No. 05-CV-891-DRH (S.D. Ill. 2005)