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Wal-Mart to settle lawsuit for $86M

<p><b>NEW YORK. </b>Wal-Mart Stores agreed to pay as much as $86 million to settle a class-action lawsuit accusing it of failing to pay vacation, overtime and other wages to thousands of former workers in California.</p><p />

NEW YORK. Wal-Mart Stores agreed to pay as much as $86 million to settle a class-action lawsuit accusing it of failing to pay vacation, overtime and other wages to thousands of former workers in California.


About 232,000 people will share in the settlement, which was disclosed this week 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.

 
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