USA: Wet Seal To Settle Second Wage Lawsuit, Pay $1.28m
The California-based company said on Thursday the latest payment would settle a lawsuit brought by a group of managers who claimed they were denied overtime wages.
However, the company would not admit liability in the case and will record the charge in its fourth quarter earnings.
The lawsuit, filed in January 2003, claimed Wet Seal had improperly classified certain employees as exempt from overtime pay in violation of California law.
Its settlement follows an announcement by the company on Wednesday that it would settle a lawsuit brought by four garment workers, who claimed the retailer was jointly liable for their unpaid wages because it contracted out work to another manufacturer.
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