On August 6, 2014, Outten & Golden LLP, together with Fitapelli & Shaffer, LLP, Shavitz Law Group, P.A., and Lee Litigation Group, PLLC, filed a class action complaint on behalf former Retail Mortgage Consultants, Premium Mortgage Consultants, Premier Mortgage Consultants (collectively “Loan Officers”) against HSBC USA Inc. and HSBC Bank USA, N.A. The complaint alleges that HSBC USA Inc. and HSBC Bank USA, N.A. violated the federal Fair Labor Standards Act and the New York Labor Law by misclassifying Plaintiffs and the members of the FLSA Collective as exempt from overtime pay and failing to pay them overtime wages for hours they worked in excess of 40 hours per workweek. On August 21, 2014, Plaintiffs filed a first amended complaint alleging additional claims under California state wage and hour laws.
On September 23, 2016, the Court granted final approval of the class action and FLSA settlement in this matter. For more information, please check the case’s docket, Long v. HSBC Mortgage Corp., No. 14 Civ. 6233, in the U.S. District Court for the Southern District of New York or contact Deirdre A. Aaron, or call 212-245-1000 for more information.