Wal-Mart to Settle 63 Labor Lawsuits

Wal-Mart Stores yesterday said it has agreed to settle 63 wage and hour class-action lawsuits that have been pending against the company for several years for between $352 million and $640 million, depending on the amount of claims submitted by members of the class.

BENTONVILLE, Ark. — Wal-Mart Stores here yesterday said it has agreed to settle 63 wage and hour class-action lawsuits that have been pending against the company for several years for between $352 million and $640 million, depending on the amount of claims submitted by members of the class.

Wal-Mart said it would take a fourth-quarter charge of $250 million, after taxes, or about 6 cents per share. In addition to the monetary payments, which are subject to court approval, Wal-M

Register to view the full article

test - Advanced Registered User

Already a member? .