Schneider Unit Pays $1M To Settle Wage Class Action

Law360, New York (August 22, 2012, 2:38 PM EDT) -- A California federal judge on Monday preliminarily approved a $1.1 million settlement meant to resolve a proposed employee class action alleging that a Schneider Electric SA unit committed several wage and hour violations, including failures to pay wages and provide required breaks.

U.S. District Judge James V. Selna granted a motion for preliminary approval of the deal, under which American Power Conversion Corp. would be released from claims that it broke California's state labor laws. The agreement would also certify a settlement class of non-exempt APC...
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.