April 26, 2019 / 10:47 PM / a month ago

Judge, citing new SCOTUS ruling, says no class arbitration in mortgage bank wage row

A federal judge in Wisconsin has overturned a $10 million arbitration award for dozens of mortgage bankers in a wage-and-hour case, saying an arbitration agreement the named plaintiff signed did not expressly allow for class-wide proceedings.

U.S. District Judge Barbara Crabb on Thursday, citing a U.S. Supreme Court ruling issued a day earlier, said ambiguity in the agreement between Waterstone Mortgage Corp and the plaintiff, Pamela Herrington, about whether class-wide arbitrations were allowed was not enough to rule in her favor.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2XP8gFg

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