David Atis v. Freedom Mortgage Corporation, et al.

United States District Court for the District of New Jersey

Counsel: Joshua Boyette, Justin Swidler, Daniel Horowitz

On May 15, 2015, David Atis, a mortgage loan professional of Freedom Mortgage Corp. filed a federal lawsuit in United States District Court for the District of New Jersey asserting that Freedom Mortgage Corp. violated the Fair Labor Standards Act (“FLSA”), and the New Jersey Law Against Discrimination by failing to pay all overtime wages due. Specifically, the lawsuit asserts that Freedom Mortgage unlawfully misclassified mortgage loan professionals titled Assistant Vice Presidents of Sales (AVPs) as exempt from overtime, and did not pay them overtime wages for hours worked in excess of 40 in a workweek.

A proposed settlement has been reached and the approval of the settlement is currently pending before the Court.