mysan.de - be updated - CSC Announces Settlement of Overtime Pay Class Action Lawsuit
mysan.de - be updated - CSC Announces Settlement of Overtime Pay Class Action Lawsuit: "EL SEGUNDO, Calif., April 21 /PRNewswire-FirstCall/ -- Computer Sciences Corporation today announced the settlement of an overtime pay class action lawsuit against the company. Under the agreement, which was preliminarily approved today by the U.S. District Court of the Central District of California, approximately 30,000 current and former employees will be entitled to make claims from the $24 million settlement.After application of a previously established accrual, a one-time pre-tax charge of $14 million, or 5 cents per share, which was not included in CSC’s prior guidance, will be recorded in the fourth quarter, ended April 1, 2005." (Full story at link)
posted by Monkeyman @ 8:54 AM
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