SOURCE: Nichols Kaster, PLLP

Nichols Kaster, PLLP

January 13, 2011 12:10 ET

Loan Officers Represented by Nichols Kaster, PLLP Seek Overtime Wages From Cascade Mortgage, Inc.

MINNEAPOLIS, MN--(Marketwire - January 13, 2011) - On January 12, 2011, Robert Clausen, a former mortgage consultant for Minneapolis-based Cascade Mortgage, Inc., initiated a class action lawsuit in federal court seeking unpaid overtime and minimum wages from the company. He alleges that Cascade Mortgage, Inc. misclassified him and other mortgage consultants as exempt from the overtime and minimum wage requirements of the Fair Labor Standards Act and Minnesota state law, and as a result, failed to pay them proper compensation.

He also brought claims against Cascade Mortgage, Inc.'s owners, Kam and Keyvan Talebi personally for their role in the company's failure to pay them properly. In addition to running Cascade Mortgage, Inc., Kam and Keyvan Talebi operate other local businesses such as Crave restaurants.

Plaintiff's attorney Michele R. Fisher stated, "Over the past ten years, many mortgage operations have changed their pay practices so that they are paying their mortgage officers overtime and minimum wages in accordance with the law. Cascade Mortgage, Inc. has not yet made this change. Our goal is simple -- to get our client, and other loan officers, paid the minimum wages and overtime pay they are due under the law."

The case is entitled Robert Clausen et al v. Cascade Mortgage, Inc. et al, Court File No. 0:11-cv-00089-PJS -LIB and was filed in the United States District Court for the District of Minnesota.

Plaintiffs are represented by Michele R. Fisher from Nichols Kaster, PLLP, which has offices in Minneapolis, Minnesota and San Francisco, California. Additional information is available at or by contacting Nichols Kaster, LLP toll-free at (877) 448-0492.

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