Judge OKs Tech Co.'s $7.6M FLSA Settlement

Law360, New York (July 8, 2008, 12:00 AM EDT) -- A federal court has approved a $7.6 million deal that settles class action claims against electronic design automation company Cadence Design Systems Inc. over alleged wage-and-hour and pension plan violations.

U.S. District Judge James Ware of the Northern District of California granted final approval of the deal on Monday, settling Fair Labor Standards Act claims brought on behalf of more than 200 Cadence employees.

“The court finds and determines that the payments to be made to the class members as provided in the settlement are fair...
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