Banco Santander loses bid to toss or arbitrate wage, overtime suit

Banco Santander has had a bid to compel arbitration or dismiss a putative collective action denied by a US judge, over the case, which alleges the bank cheated mortgage loan officers on their minimum wage and overtime pay. The judge cited that an employment agreement with the arbitration clause was "ambiguous".

By Bonnie Eslinger (April 4, 2016, 9:28 PM EDT) -- A New Jersey federal judge on Monday rejected Banco Santander's efforts to compel arbitration or dismiss a putative collective action alleging the bank stiffed mortgage loan officers on their minimum wage and overtime pay, saying an employment agreement with the arbitration clause was "ambiguous."...

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