Benefits May 13, 2010
Bill for Wal-Mart Lost Wages Suit could be $86M
May 13, 2010 (PLANSPONSOR.com) – Retail giant Wal-Mart Stores Inc. has agreed to a settlement of a lawsuit charging the company owes California employees vacation wages and other compensation with a tab that could reach $86 million.
Reported by Fred Schneyer
Citing court papers filed this week, the Associated Press reported Wal-Mart will pay $12 million in vacation pay and $74 million in unpaid wages to workers who had been terminated.The bill will be a minimum of $43 million and could run as high as $86 million.
The company will also pay for a third party to calculate wages it still owes the workers, according to the AP.
About 232,000 former workers will share the settlement. The company has not admitted liability.
The case was filed in the U.S. District Court in the Northern District of California, consolidated from two cases filed in 2006.