Toolmaker Matco Inks $15.8M Deal In Misclassification Suit

By Dave Simpson (December 13, 2021, 9:01 PM EST) -- Matco Tools Corp. has agreed to a deal valued at more than $15.8 million to end claims from a class of franchisees claiming that the tool manufacturer misclassified them as independent contractors, according to a bid for preliminary approval of the deal filed in California federal court Monday....

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