Paramount Residential Mortgage Group (PRMG), a leading lender in the mortgage industry, has been sued in a putative class action by an hourly employee and an underwriter for not providing them with meal breaks and rest periods, for failing to pay them for work taken home from the office (called “off the clock” work), and for failing to pay the correct rate for overtime (double time for work over twelve hours in one day). The lawsuit alleges that PRMG violated California law in all of these ways. Employers are required to provide their hourly employees all of these benefits, but PRMG is suspected to have oftentimes failed to do so.
The above described employee class action lawsuit is being prosecuted by The Carter Law Firm, in conjunction with two other law firms. The litigation of a class action (or a lawsuit that purports to include the claims of all of the affected employees rather than just one) is complicated, and a thorough investigation is required. The more information that can be obtained from the most affected persons, the better. The Carter Law Firm is currently investigating the above described violations, and accordingly would value speaking with any hourly employee of PRMG or salaried underwriter, or any former employee who worked in one of those jobs since 2009.
The Carter Law Firm (based in Newport Beach, California) has years of experience in these kinds of cases and investigations. It has successfully recovered numerous settlements and judgments in cases involving wage and hour violations, discrimination, harassment, wrongful termination and consumer rights class actions. Most of these have been against large companies.
PRMG appears to be a fairly large mortgage company, which is estimated to employ more than one thousand people in fifty branch locations across the United States. The company claims to assist its borrower clients in obtaining newly originated loans, and also with their home refinancing needs. Some of the company’s offerings include fixed, high balance, ARMs, DU Portfolios, LP Fixed and ARMs, Refis, FHLMC Super Conforming, FHA, Fannie Mae Homeready, FHA High Balance, FHA Portfolio, FHA Streamlined, VA, USDA and both Diamond and Platinum Jumbo loans. While it has headquarters in Corona, California, PRMG also has California branches in the following cities: Corona, Victorville, Hesperia, Rancho Cucamonga, San Dimas, Downey, Temecula, Irvine and Woodland Hills.
*The above information is a communication and an advertisement, is not legal advice, and does not create an attorney/client relationship.