Staffing firm Robert Half International Inc. said it will take a second-quarter after-tax charge of $11.4 million related to the settlement of a trio of lawsuits filed by groups of its employees, according to an Associated Press article.
The California-based company said in a Securities and Exchange Commission filing that the cases had been set for mediation, but the parties reached a deal to settle the claims. The formal settlement of the cases remains subject to court approval.
Robert Half said the employees claimed in the lawsuits that they were owed overtime, interest and other payments for work dating back to September 2000. The company said while it still believes that it could defend itself against the claims, it determined that a settlement was in the best interest of it and its shareholders, according to the article.
For more information on the settlement, read the full article by clicking here.