Industrial and construction supplies distributor Fastenal Company, Winona, MN, has agreed to settle a class action wage-hour lawsuit that claims Fastenal misclassified Fastenal employees as assistant managers and as a result those employees were denied overtime as required under the Fair Labor Standards Act and several state statutes.
Two former employees originally filed the suit against Fastenal on Oct. 18, 2007. Fastenal has agreed to pay $10 million in cash to cover claims by eligible class members, plaintiff attorneys’ fees and costs and payments to named plaintiffs. The settlement is still subject to court approval.
The distributor denies the allegations in the lawsuit, but says it has agreed to enter the settlement to avoid significant legal fees, the …
Fastenal Agrees to Settlement in Wage-Hour Case
Industrial and construction supplies distributor Fastenal Company, Winona, MN, has agreed to settle a class action wage-hour lawsuit that claims Fastenal misclassified Fastenal employees as assistant managers and as a result those employees were denied overtime as required under the Fair Labor Standards Act and several state statutes.
Two former employees originally filed the suit against Fastenal on Oct. 18, 2007. Fastenal has agreed to pay $10 million in cash to cover claims by eligible class members, plaintiff attorneys’ fees and costs and payments to named plaintiffs. The settlement is still subject to court approval.
The distributor denies the allegations in the lawsuit, but says it has agreed to enter the settlement to avoid significant legal fees, the …
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