Duane Reade To Settle FLSA Class Actions For $3.5M

Law360, New York (January 14, 2009, 12:00 AM EST) -- Drugstore chain Duane Reade Inc. has agreed to fork over $3.5 million to settle a pair of class actions that accused it of failing to pay overtime wages to its assistant store managers.

The settlement, which still requires approval from the U.S. District Court for the Southern District of New York, was announced Tuesday. As a result of the settlement, Duane Reade will record a $3.5 million one-time, pre-tax charge for the fourth quarter of 2008, according to the company.

Duane Reade did not admit any...
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