Lawsuit Investigation: Unpaid Overtime for Escrow Officers and Agents
Berger Montague is investigating potential class action lawsuits on behalf of escrow officers and agents who were denied overtime pay.
What is an escrow officer?
An escrow officer, also called an escrow agent, is a neutral third party who assists real estate buyers and sellers by completing legally required administrative tasks. These tasks include preparing escrow instructions, holding and disbursing funds, preparing title documents, and obtaining parties’ signatures on paperwork.
Why aren’t escrow officers and escrow agents receiving overtime pay?
Under the Fair Labor Standards Act (“FLSA”), a federal law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards, most employees in the private sector and federal, state, and local governments are entitled to overtime wages. The FLSA defines “overtime” as working more than 40 hours per week.
However, there are “exemptions,” or employees who do not qualify for paid overtime. Many employers have misclassified escrow officers and escrow agents as exempt employees, when in reality they are non-exempt employees under the FLSA and do qualify for overtime wages.
If you are a current or former escrow officer or agent and believe you were wrongfully denied overtime pay, contact Berger Montague. You may be able to file a class action lawsuit.
Previous escrow officer and escrow agent unpaid overtime settlements
Numerous escrow officer and agent unpaid overtime class action lawsuits have settled over the past several years.
- Old Republic Title Co.: In June 2013, Old Republic Title Co. and two of its affiliates agreed to pay $12 million to settle a proposed class action on behalf of about 1,100 escrow officers and assistants who accused the companies of breaking various wage and hour laws, including requiring escrow officers and assistants to work off the clock so they did not officially work more than 40 hours a week.
Do I have to pay to consult with an attorney?
We are happy to talk with you about your potential claims free of charge. If we decide to represent you in a lawsuit, we will enter into a written contingent fee agreement with you. A contingent fee agreement means we only get paid if we win, and that we will receive our fees from the amount paid by the Defendant in the case.
Please contact us to discuss the details of your case. You may:
Related Information About Employment Law
- Wage & Hour Class Actions
- Discrimination Class Actions
- Worker Adjustment and Retraining Notification Act (“WARN Act”) Class Actions