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-Mart also said ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Click here to read the FAQ page if you have any questions (opens in a new window)
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.
Already registered? Log In