Reuters: U.S.: Family Dollar plans to settle with store managers on overtime

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Family Dollar plans to settle with store managers on overtime Sep 12th 2012, 12:39 Wed Sep 12, 2012 8:39am EDT (Reuters) - Family Dollar Stores Inc said on Wednesday that it could pay up to $14 million to settle with a class of more than 1,700 store managers regarding their claims for overtime wages, and It plans to record a charge to cover the related costs. The preliminary settlement with New York employees provides for a payment of up to $14 million. A finalized settlement would need court approval, and that process has not yet begun, the discount chain said. Family Dollar plans to record a one-time charge in the fourth quarter to cover previously unplanned costs and expenses related to the litigation and settlement. (Reporting by Jessica Wohl in New York; Editing by Gerald E. McCormick)

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