The seven lawsuits were filed in New York, California, and Michigan, and allege that McDonald's hasn't paid employees for off-the-clock work, that it denied them time for meals or breaks, cheated them out of overtime pay, and hasn't compensated them for taking care of their uniforms.
"We've uncovered several unlawful schemes, but they all share a common purpose: to drive labor costs down by stealing wages from McDonald's workers," Michael Rubin, a lawyer involved in the California suits said in a statement.
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TheStreet Ratings team rates MCDONALD'S CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate MCDONALD'S CORP (MCD) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: