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NORTHERN CALIFORNIA RECORD

Tuesday, March 19, 2024

PennyMac Financial employees allege they were not properly compensated

Law money 10

SACRAMENTO – One current and two former employees of a financial call center accuse the company of violating labor codes.

Erich Heidrich, Eric Kidd and Maria Angelica Castro filed a complaint on behalf of themselves and others similarly situated on Nov. 28 in the U.S. District Court for the Eastern District of California against PennyMac Financial Services Inc., PennyMac Mortgage Investment Trust and Private National Mortgage Acceptance Co. citing the Fair Labor Standards Act.

According to the complaint, the plaintiffs allege that they were employed by the defendants at varied times and were promised to receive wages and a variety of non-discretionary bonuses and/or commissions for their sales efforts and other work they performed. They allege the defendants purposefully concealed their systemic violation of law by refusing to include all required information in the plaintiffs’ wage statements, belatedly pay plaintiffs bonus overtime without identifying the number of overtime hours worked and did not provide their final paycheck in a timely manner, thereby causing plaintiffs to suffer monetary injuries.

The plaintiffs hold PennyMac Financial Services Inc., PennyMac Mortgage Investment Trust and Private National Mortgage Acceptance Co. responsible because the defendants allegedly failed to include in plaintiffs' wage statements the accurate rate of pay for all hours worked or the amount of the bonus earned each pay period, failed to properly apprise their employees of their rights under the FLSA, and failed to properly compensate their employees of overtime wages, bonuses and commissions as promised.

The plaintiffs request a trial by jury and seek judgment against defendants, injunctive relief, restitution, attorneys' fees, costs, damages, interest and further relief that the court may deem just. They are represented by Chris Baker and Mike Curtis of Baker Curtis & Schwartz PC in San Francisco.

U.S. District Court for the Eastern District of California Case number 2:16-cv-02821

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