BigClassActions.com

$99 Million Settlement Approved in Novartis Sales Reps Wage and Hour Class Action

This is a settlement for the Novartis lawsuit.

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New York, NY: Final approval of a $99 million settlement in the nationwide wage and hour wage and hour class action brought by Novartis Pharmaceuticals Corp. sales representatives has been granted final approval.

On May 31, Judge Paul A. Crotty of U.S. District Court for the Southern District of New York approved the settlement following a fairness hearing held the same day. This follows the preliminary approval of the settlement granted by Crotty in January. The settlements are the result of two lawsuits filed in 2006 citing violations of the Fair Labor Standards Act and California and New York laws (30 HRR 91, 1/30/12).

The final order and judgment allocated $70,758,500 to settlement awards for class members; $27,608,000 to attorneys' fees; $400,000 to reimbursement of litigation fees; and $233,500 to class representatives and others involved in the case.

The $233,500 included compensatory damages and service awards ranging from $20,000 to $40,000 for each of five named plaintiffs.

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