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spanone

(135,841 posts) Tue Dec 16, 2014, 12:56 PM Dec 2014

6

Wal-Mart ordered to pay $188 million over reduced staff breaks

(Reuters) - Wal-Mart Stores Inc said the Pennsylvania Supreme Court had ordered it to pay about $188 million to settle a class-action lawsuit filed by employees who claimed their meal and rest breaks were regularly cut.

Wal-Mart said the ruling, which it may appeal, would reduce its fourth-quarter earnings from continuing operations by about 6 cents per share.

The suit, filed in March 2002, represented about 187,000 Wal-Mart employees who worked in Pennsylvania between 1998 and 2006.

Read more at http://thestockmarketwatch.com/news/read.aspx/wal-mart-ordered-to-pay-188-million-over-reduced-staff-breaks/27066875d3683aad4a2baf2bd047af6a/#0IyQrYBBiiSLjD5K.99

8 replies

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Wal-Mart ordered to pay $188 million over reduced staff breaks (Original Post) spanone Dec 2014 OP

Let's out that in perspective nichomachus Dec 2014 #1

perspective in the article too: spanone Dec 2014 #3

That's a lot of money in Wall Street talk nichomachus Dec 2014 #5

They will use that as an excuse to raise prices Skidmore Dec 2014 #7

that's make the lawyers some money... ProdigalJunkMail Dec 2014 #2

Think about it helpmetohelpyou Dec 2014 #6

class actions payouts are always weighted toward the law firm ProdigalJunkMail Dec 2014 #8

The Waltons probably have that much hidden in their couch coushins. Initech Dec 2014 #4

nichomachus

(12,754 posts)

1. Let's out that in perspective

Reply to spanone (Original post)

Tue Dec 16, 2014, 01:31 PM

Dec 2014

Based on WalMart's latest revenue figures. It's the same as if you were making $50,000 a year and were fined $120.

spanone

(135,841 posts)

3. perspective in the article too:

Reply to nichomachus (Reply #1)

Tue Dec 16, 2014, 04:24 PM

Dec 2014

Wal-Mart said the ruling, which it may appeal, would reduce its fourth-quarter earnings from continuing operations by about 6 cents per share.

nichomachus

(12,754 posts)

5. That's a lot of money in Wall Street talk

Reply to spanone (Reply #3)

Tue Dec 16, 2014, 05:17 PM

Dec 2014

That's an accounting flim flam. It's more like 1 cent.

Skidmore

(37,364 posts)

7. They will use that as an excuse to raise prices

Reply to spanone (Reply #3)

Tue Dec 16, 2014, 05:20 PM

Dec 2014

too because, heaven forbid, that ymthe Walton clan have to pay for anything.

ProdigalJunkMail

(12,017 posts)

2. that's make the lawyers some money...

Reply to spanone (Original post)

Tue Dec 16, 2014, 01:33 PM

Dec 2014

the employees will get a pittance...

sP

helpmetohelpyou

(589 posts)

6. Think about it

Reply to ProdigalJunkMail (Reply #2)

Tue Dec 16, 2014, 05:19 PM

Dec 2014

That's about 55 million for that law firm if Walmart ends up paying

ProdigalJunkMail

(12,017 posts)

8. class actions payouts are always weighted toward the law firm

Reply to helpmetohelpyou (Reply #6)

Tue Dec 16, 2014, 05:48 PM

Dec 2014

and not the complainants...

sP

Initech

(100,079 posts)

4. The Waltons probably have that much hidden in their couch coushins.

Reply to spanone (Original post)

Tue Dec 16, 2014, 04:39 PM

Dec 2014

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