Wal-Mart to Pay Over Half a Billion Dollars to Settle Overtime and other FLSA Lawsuits

Walmart has agreed to pay up to $640 million to settle 63 wage and hour class action lawsuits that have been pending against the company for several years.  The company, which has been fighting such suits for years, apparently finally decided to simply get the matter behind it.  In its statement, the Company indicated that the lawsuits were regarding facts and circumstances of many years ago and that it does not represent Walmart's current approach to employee compensation issues.

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[Source: HR Lawyer's Blog]