CVS, Managers Approach Settlement Of OT Denial Claims

Law360, Los Angeles (November 7, 2011, 8:22 PM EST) -- CVS Caremark Corp. and a proposed class of its managers who claim they were improperly classified as exempt and denied overtime pay are nearing a multimillion-dollar settlement to resolve the claims against the pharmacy chain, an attorney said Monday.

The financial terms of the deal will be finalized within the next several days and submitted to the judge overseeing the case in Los Angeles Superior Court, plaintiffs' counsel Mike Arias of Arias Ozzello & Gignac LLP said, declining to comment further on the settlement. A message...
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