A mortgage company’s agreement to be purchased by an employee at a reduced price in order to settle her Fair Labor Standards Act claims won court approval.
“The uniqueness” of the settlement doesn’t exempt it from the requirement established by the US Court of Appeals for the Second Circuit that FLSA settlements must be reviewed and approved by the district court or the Department of Labor, US Magistrate Judge James M. Wicks of the US District Court for the Eastern District of New York said Thursday.
In a May 25 filing, counsel for the defendant, Mountain Mortgage Corp., said ...
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