Mealey's Antitrust/Unfair Competition - California High Court Reverses $15M Verdict In Loan Officers' Overtime Suit

Mealey's Antitrust/Unfair Competition - California High Court Reverses $15M Verdict In Loan Officers' Overtime Suit

SAN FRANCISCO - The California Supreme Court on May 29 reversed a verdict of approximately $15 million for a class of loan officers seeking unpaid overtime, finding that the trial plan relied on flawed statistical sampling (Samuel Duran, et al. v. U.S. Bank National Association, No. S200923, Calif. Sup.).

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