“Many of these lawsuits were filed years ago and the allegations are not representative of the company we are today,”
Oh really? Looking at the list of cases I see more than a dozen were filed in 2007 and a significant number filed also in 2006. Looking at Wal-Mart’s most recent 10-Q, they mention that, “The Company cannot reasonably estimate the possible loss or range of loss that may arise from these lawsuits”[except where they had already settled a few of these cases]. I guess they were able to estimate their losses after all.
In the New York Times article, lawyers theorized that this is a way to turn the page for the incoming CEO, Lee Scott on an embarrassing past. With a new, progressive administration and a wave of populist sentiment borne of the financial markets debacle, it might also be an excellent time to recreate Wal-Mart’s image. Next up, Wal-Mart as a union shop. Hah!
Tags: class action, Linkedin, settlement, wage and hour litigation, Walmart lawsuits
Reading Tea Leaves by Randy Wilson 
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