Nike To Pay $7.6M To End Race Discrimination Suit

Law360, New York (July 31, 2007, 12:00 AM EDT) -- Nike Retail Services Inc. has agreed to dole out $7.6 million to end a race discrimination class action launched by about 400 black employees who claimed they were denied promotions and benefits and assigned low-paying jobs.

The sports apparel retailer will also pay as much as $2.6 million in attorneys' fees, according to the two-year consent decree the parties presented to the U.S. District Court of Northern Illinois on Monday. The deal is still subject to the court's final approval.

While agreeing to pay to put...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.