Before the advent of wage-and-hour class action litigation, labor and employment cases rarely rose to a level that impacted corporate financial statements.
Today, wage-and-hour litigation outpaces every other type of workplace class action, with settlements commonly exceeding $10 million. Last year, employers paid $467 million in 102 reported settlements of these cases, including the agreement by New Jersey’s Novartis Pharmaceuticals Corp. to pay $99 million to settle unpaid overtime claims involving more than 7,000 current and former sales representatives. Other notable settlements included H&R Block Enterprises paying $35 million to 18,000 employees for violating California labor laws.
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