Sunday, January 29, 2012
Novartis Settles Class Action
Novartis Pharmaceuticals Corporation (NPC) and Sanford Wittels
& Heisler, LLP, counsel to the plaintiffs and the Class, have agreed to resolve the nationwide wage and hour class
action against NPC currently pending in the US District Court for the
Southern District of New York. NPC has agreed to end the ongoing proceedings and provide a payment of up to $99 million for eligible class members. This settlement resolves the wage and hour
claims brought in 2006, as well as additional wage and hour claims
covering a more recent time period. For more details, read more.
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I read that this deal is set a side with with 30% of the settlement fund.
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