Costco Agrees To Pay $8M To End Sex Bias Class Action

By Abigail Rubenstein (December 18, 2013, 3:20 PM EST) -- Costco Wholesale Corp. on Tuesday agreed to cough up $8 million and update its policies to resolve a class action in California federal court accusing the bulk retailer of overlooking women for promotions to certain warehouse management positions.

Attorneys for the plaintiffs in the long-running suit filed a motion asking the court to grant preliminary approval to the deal, saying it provides classwide programmatic relief addressing the alleged practices at issue in the case, as well as establishing an expedited claims procedure for the class members to tap into the $8 million settlement fund to resolve their individual claims.

The motion...

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