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Staples Announces $38 Million Class Action Settlement

Published by on November 21, 2007

Staples, Inc. announced a $38 million settlement of a wage and hour class action in California involving 1,700 assistant managers who were allegedly misclassified as exempt from overtime pay.  The company had previously estimated the potential liability in the case in SEC filings as up to $150 million.  The settlement is subject to court approval. […]

Staples, Inc. announced a $38 million settlement of a wage and hour class action in California involving 1,700 assistant managers who were allegedly misclassified as exempt from overtime pay.  The company had previously estimated the potential liability in the case in SEC filings as up to $150 million.  The settlement is subject to court approval.

(h/t Wage Law for the initial read on this story)

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