Wal-Mart in $86 million settlement of wage lawsuit

About 232,000 people will share in the settlement, which was disclosed on Tuesday in a federal court filing.

It requires a minimum payout of $43 million, and "far exceeds other recent settlements" involving Wal-Mart, the filing shows. The accord requires court approval.

Wal-Mart spokesman Greg Rossiter declined to comment.

The world's largest retailer was accused in the original 2006 complaint of failing to pay a variety of wages to former workers as required under California law.

In agreeing to settle, the Bentonville, Arkansas-based company did not concede that any wages remained unpaid, according to Tuesday's filing.

Read Full Article from Reuters

- Posted: 2010-05-12 10:00:05

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