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February 6, 2024
The Fair Labor Standards Act requires covered employers to pay minimum wages and overtime compensation to certain categories of employees. However, the law contains several exceptions or “exemptions” from these requirements, most of which turn on a combination of the employees’ pay and the nature of their job duties. For example, Section 13(a)(1) of the FLSA provides an “exemption”...
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In Citicorp Indus. Credit, Inc. v. Brock, 483 U.S. 27, 107 S. Ct. 2694 (1987) the Supreme Court held that the Fair Labor Standards Act’s prohibition on selling “hot goods” applies to secured creditors who acquire the goods pursuant to a security agreement, even when the creditor itself did not engage in an FLSA violation. Statutory Background...
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