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NYC Strip Club Pays Up To $15M To Settle Dancers' Wage Suit

Law360, New York (April 1, 2015, 7:27 PM EDT) -- The operators of New York City strip club Rick’s Cabaret have agreed to pay up to $15 million to end a wage-and-hour class action brought by former exotic dancers, saying Wednesday the settlement was in the best interest of its shareholders.

The settlement, which requires federal court approval, was reached about three weeks before club operators RCI Entertainment (New York), Inc. and Peregrine Enterprises, Inc., were set to square off with the dancers at trial.

Under the terms of the deal, outlined in an unopposed motion...
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