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Novartis Settles Overtime Lawsuit for $99 Million

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U.S. District Judge Paul Crotty in Manhattan has tentatively approved a $99 million settlement with Novartis over a class action lawsuit filed in 2006 by 7,000 former and current sales representatives who claimed they were denied overtime pay. A final approval hearing is scheduled on May 31, 2012.

“We believe this settlement is in the best interest of our employees and the company,” Andre Wyss, president of Novartis Pharmaceuticals Corp., said in a statement. “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,” Bloomberg Businessweek reported.

GlaxoSmithKline Plc, Johnson & Johnson, Merck & Co., and Bristol-Myers Squibb Co. are all facing similar suits, and the U.S. Supreme Court will be deciding whether federal wage-and-hour laws cover sales representatives.

Wyss said that Novartis is “confident that sales representatives should continue to be exempt from overtime.” An attorney for the plaintiffs said that “the risks of litigation are great,” prompting the multimillion dollar settlement ahead of the high court’s decision.

breakinglawsuitnews.com disclaimer: This article: Novartis Settles Overtime Lawsuit for $99 Million was posted on Thursday, January 26th, 2012 at 8:39 pm at breakinglawsuitnews.com and is filed under Employment Lawsuits.

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