Novartis to Settle Overtime Lawsuit
January 26th, 2012 Julie
One of Novartis AG’s units has won a judge’s preliminary approval of a $99 million settlement in a lawsuit filed by sales representatives who allege the unit failed to pay them for overtime.
U.S. District Judge Paul Crotty of Manhattan tentatively approved the class action yesterday and includes over 7,000 current and former sales representatives. A final approval hearing will be held May 31. In a statement, Novartis Pharmaceuticals Corp. president Andre Wyss said, “We believe this settlement is in the best interest of our employees and the company. We have been litigating this case for nearly six years and the company has determined that it is time to resolve these wage and hours claims.” Continue Reading »












