Sprint Nextel has decided to cough up $57 mil
lion as a settlement towards an age discrimination case. The case had been filed against the wireless company by its laid off workers. It stated Sprint Nextel had first shift ed all the employees above 40 years to certain positions, which were later scrapped in lieu of downsizing. As per the settlement, the company would pay the eleven lead plaintiff s an average of $155,000 each. The attorneys of the plaintiff s would get $19.4 million as fees and also $1.65 million as coverage expenses for settlement confirmation. The remaining $34.3 million would be divided between the remaining 1,686 plaintiff s.
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lion as a settlement towards an age discrimination case. The case had been filed against the wireless company by its laid off workers. It stated Sprint Nextel had first shift ed all the employees above 40 years to certain positions, which were later scrapped in lieu of downsizing. As per the settlement, the company would pay the eleven lead plaintiff s an average of $155,000 each. The attorneys of the plaintiff s would get $19.4 million as fees and also $1.65 million as coverage expenses for settlement confirmation. The remaining $34.3 million would be divided between the remaining 1,686 plaintiff s.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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