STAPLES ORDERED TO PAY $2.5Million IN OVERTIME

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STAPLES ORDERED TO PAY $2.5Million IN OVERTIME

 user 2009-03-02 at 11:52:20 am Views: 103
  • #21428

    http://money.cnn.com/news/newsfeeds/articles/djf500/200902201902DOWJONESDJONLINE000899_FORTUNE5.htm
    Staples Ordered To Pay $2.5 Million In Overtime
    A
    U.S. federal jury in Newark, N.J., ordered Staples Inc. (SPLS) to pay
    almost $2.5 million to 343 plaintiffs in a case brought under the Fair
    Labor Standards Act, the plaintiffs’ attorneys said Friday.After a
    six-week trial, the jury ruled the office-supply retailer violated the
    law by classifying certain store managers as exempt and failing to pay
    them overtime. The jury also found that Staples had acted willfully in
    violating the law.

    Paul Capelli, a Staples spokesman, said the
    company disagrees with the jury’s decision and is exploring options for
    appeal.”Staples store managers have an important management
    responsibility for ensuring that hourly associates provide great
    customer service in stores every day,” he said. “We firmly believe that
    we’re fully compliant with the law.”Seth Lesser of Klafter Olsen &
    Lesser, one of the plaintiffs’ two trial counsel, said the case was the
    first of several collective and class action lawsuits filed against
    Staples for misclassification of store managers.

    Gary E. Mason
    of The Mason Law Firm LLP, one of the attorneys for the plaintiffs,
    said: “Staples maintained throughout, and continues to hold the view,
    that it pays its employees properly. The jury’s decision has
    definitively proven the company wrong.”Staples shares were at $15.72,
    down 0.2%, in after-hours trading.