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Defending Financial Institutions

Quarles & Brady defended a client against a class and collective action by and on behalf of a significant class of mortgage loan officers in multiple states (including Wisconsin, Illinois, and Minnesota), who claimed minimum wage and overtime violations in connection with allegations that they were improperly classified as exempt from state and federal wage and hour requirements related to overtime and/or minimum wage obligations. Our team obtained a very favorable settlement that limited the Rule 23 settlement class to Wisconsin employees, and that was reached early in the litigation, with the result that it effectively controlled both plaintiffs’ attorneys and defense costs.