STATER SETTLES OVERTIME PAY SUITS

COLTON, Calif. -- Stater Bros. Holdings here said it has reached an agreement to settle two lawsuits regarding overtime pay for salaried store managers.Phil Smith, senior vice president, chief financial officer and chief accounting officer, said the settlements could cost the company up to $4 million, with an estimated minimum of $3.1 million, depending on the number of plaintiffs that ultimately

COLTON, Calif. -- Stater Bros. Holdings here said it has reached an agreement to settle two lawsuits regarding overtime pay for salaried store managers.

Phil Smith, senior vice president, chief financial officer and chief accounting officer, said the settlements could cost the company up to $4 million, with an estimated minimum of $3.1 million, depending on the number of plaintiffs that ultimately participate.

The suits, filed approximately three years ago, stemmed from allega

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