Underwriters Are Not Exempt From Fair Labor Standards Act

New Jersey Employment Lawyer Andrew Moskowitz Artile for NJLJNew Jersey employment lawyer, Andrew Moskowitz reported in his February 22, 2010 article for “New Jersey Law Journal” (199 N.J.L.J. 518), “In Davis v. J.P. Morgan Chase & Co., 587 F.3d 529 (2d Cir. Nov. 20, 2009), the issue before the Court was whether underwriters who worked at a bank and reviewed loans ‘in accordance with detailed guidelines provided by their employer’ were exempt administrative employees under 29 U.S.C.Section 213(a)(1). Because the Second Circuit determined that these loan underwriters were “production/sales work” employees, not administrative employees, the Court held that they were not exempt from the Fair Labor Standards Act (“FLSA”) and therefore entitled to overtime compensation for time worked in excess of 40 hours per week.”  Read the full article here: EMPLOYMENT LAW – Underwriters Are Not Exempt From Fair Labor Standards Act

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