reached a prospective $4.95 million settlement of suits alleging violations of California wage and hour laws.
The company said it will pay the proposed settlement to to an agreed-upon class of company employees from August 1998 through the date of preliminary court approval of the settlement.
The company estimates the class size to be about 6,000 people. The company is not admitting liability for its wage and hour practices in California.
This story was created through a joint venture between TheStreet.com and IRIS.