Case Details for "Wal-Mart"

Wal-Mart settles 63 class action lawsuits for $352M

Wal-Mart Stores Inc.  said yesterday it had settled 63 class-action lawsuits that accused the world's largest retailer of wage violations for at least $352US-million but no more than $640US-million. The settlements, pertaining to lawsuits filed in many U. S. states, are subject to court approval. Wal-Mart said it expects a related after-tax charge from continuing operations in its fiscal fourth quarter of about $250US-million, or US6¢ per share. Wal-Mart said many of the lawsuits had been filed years ago and that the allegations did not reflect on how the company treats its more than one million employees today. The company said it has agreed to use electronic systems to stay compliant with its wage and hour policies, and applicable law. "Our policy is to pay associates for every hour worked and to provide rest and meal breaks," Wal-Mart counsel Tom Mars said.

Posted on:2008-12-25
Company: Wal-Mart
Class: n/a
Scope: Nationwide
Type of Case: Employment
Settlement Administrator: MDB

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