SOURCE: Nichols Kaster, PLLP

Nichols Kaster, PLLP

March 18, 2011 10:14 ET

Surprise Jury Verdict for Quicken Guarantees Appeal by Employees Represented by Nichols Kaster, PLLP

DETROIT, MI--(Marketwire - March 18, 2011) - On Thursday, March 17, 2011, a jury issued a verdict for Quicken Loans in an overtime lawsuit that has been pending since May 2004. The employees worked as "web mortgage bankers" in the company's call centers and were represented by Nichols Kaster, PLLP. The employees worked at various time periods from May 2002 to September 2006. 

The employees argued that their primary job duty was to sell loans and that Quicken violated federal law when it classified them as exempt from the overtime laws. After a six-week trial in federal court in Detroit, Michigan, the jury began deliberating on Tuesday, March 15th

Plaintiffs' attorney, Paul Lukas stated, "We are obviously disappointed in the result, but have nothing but respect for the Court and the jury who worked very hard during the course of a long trial. We are also very proud to represent a group of employees who have spent nearly seven years standing up to a very powerful and wealthy employer. While we have suffered this setback, we intend to seek a new trial in this case and aggressively pursue the other three cases currently pending against Quicken on behalf of loan officers in this same Court."

Almost a year ago, the United States Department of Labor interpreted the relevant overtime laws and concluded that loan officers who sell loans inside an office like the Quicken loan officers have sales as their primary job duty and are therefore entitled to overtime pay. The Department of Labor cited a number of cases brought by Nichols Kaster on behalf of loan officers all over the country in support of its findings. As a result, Quicken changed its compensation plan in May 2010 and began paying its web loan officers overtime pay on top of their salary and commissions. The Department's 2010 interpretation was not applied as the law in this case.

Contact Information

  • Contact:
    Paul J. Lukas