DETROIT (WWJ) – A federal jury in Detroit has found Quicken Loans not guilty of violating overtime pay laws. Quicken Loans Chairman Dan Gilbert said he’s excited about the verdict and the conclusion of the case.
“I think this is a vistory for right over wrong today. It was a victory for all people and all companies who know there is a situation that’s been brought upon them by a certain lawfirm out of Minniapolis trying to extract money for themselves, primarily,” Gilbert said.READ MORE: Preorders For Ford Electric F-150 Lightning Tops 100,000
“We fought it. We fought it for six, seven years,” he said.READ MORE: State Lawmakers Look To Fight Pollution in Michigan Auto Lots and Junkyards
The lawsuit was filed on behalf of more than 300 people who worked the phones to peddle mortgages over a four-year period ending in 2006. The long trial has centered on whether the work was mainly sales, which would qualify them for overtime.MORE NEWS: Michigan Lawmakers Looks To Give More Time For Drivers To Renew Expired Drivers License and Vehicle Registrations
Two similar law suits are pending but, Quicken Loans attorneys Mike and Jeff Morganroth say today’s victory could bring an end to those two law suits as well.