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Court Grants Final Approval to Landmark IBM Overtime Pay Class Action
July 12, 2007
U.S. District Judge Phyllis J. Hamilton granted final approval to a $65 million settlement in an overtime pay class action lawsuit against IBM. The settlement constitutes one of the largest settlements ever in an overtime pay case involving the computer industry.
Plaintiffs charged that IBM violated federal and state laws by improperly classifying certain current and former IBM technical services and IT specialists as exempt from overtime compensation. Under the terms of the settlement, each qualified individual will be entitled to apply for a payment, in accordance with an agreed formula.