Wage And Hour Deals Rose To $467M In 2012, Study Says

Law360, New York (March 20, 2013, 6:02 PM EDT) -- Companies paid more on average to settle wage and hour lawsuits in 2012 than they did in 2011, coughing up a total of $467 million and pushing the overall amount paid to resolve such cases over the past six years to $2.7 billion, according to a study by NERA Economic Consulting.

The NERA study, released earlier this month, said that employers shelled out an average of $4.8 million to resolve a wage and hour suit in 2012, up from $4.6 million in 2011. The $467 million...
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.