Lowe's Hammers Out $6.2M Deal In Managers' OT Case
By Erin Coe
Law360, San Diego (January 26, 2012, 4:33 PM ET) -- A Texas federal judge on Thursday initially approved Lowe’s Home Centers Inc.’s nearly $6.2 million settlement of a collective and class action alleging the home improvement company failed to compensate more than 1,500 current and former loss prevention managers for overtime.
U.S. District Judge Kenneth Hoyt granted preliminary approval of the deal between the class and defendants Lowe’s and Lowe’s HIW Inc., finding that it was fair and reasonable to class members when balanced against further litigation.
“Settlement at this time will avoid substantial costs, delay...