CVS Gets Green Light For $34M Wage Action Settlement

Law360, New York (December 9, 2011, 10:01 PM EST) -- A Rhode Island federal judge granted preliminary approval Friday to CVS Pharmacy Inc.’s $34 million class action settlement with employees in 11 wage-and-hour suits accusing the pharmacy services provider of failing to pay proper overtime to assistant store managers.

U.S. District Judge John J. McConnell had previously raised questions about the fairness of the settlement Nov. 30, asking the parties to explain why they had proposed that the unclaimed settlement funds be returned to the CVS defendants instead of either being divided among the class members...
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