Genentech Nears $2.6M Deal In IT Workers' OT Suit

Law360, New York (March 1, 2011, 7:35 PM EST) -- Genentech Inc. is close to finalizing a settlement in California state court requiring the company to shell out about $2.6 million to end a class action accusing it of misclassifying certain information technology support employees as exempt from overtime pay.

At a final fairness hearing held Tuesday in the California Superior Court, County of San Francisco, Judge John E. Munter asked the parties to redraft the settlement agreement to simplify the deal and bring it in line with state law.

South San Francisco, Calif.-based Genentech agreed...
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