Judge approves $57M Sprint settlement |
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Published
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Tue, 11 Sep 2007 19:10
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KANSAS CITY, Kan. (AP) - A federal judge has approved a $57 million settlement resolving a series of lawsuits claiming Sprint Nextel Corp. targeted older workers during companywide layoffs.U.S. District Judge John Lungstrum on Monday determined the settlement, first announced in May, was fair, adequate and reasonable.Filed in 2003, the lawsuit claims then-Sprint Corp. illegally moved employees who were 40 years or older to positions that were then eliminated as part of the company's efforts to scale back.The wireless phone company, based in Reston, Va., with operational headquarters in Overland Park, Kan., has denied the allegations, saying it settled the suit to save on legal costs.The settlement covers 1,697 former employees laid off between October 2001 and March 2003. Subtracting about $21 million for legal fees and expenses, the plaintiffs will split the remaining money, receiving between $4,226 and $35,738 each, depending on a settlement scale, or an average of $20,330.Sprint agreed in May 2006 to pay $5.5 million to 462 former employees also claiming age discrimination in a lawsuit filed in federal court in Atlanta.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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