(Reuters) – Condé Nast on Monday won a federal judge’s preliminary approval to pay $5.85 million to settle a class-action lawsuit by thousands of former interns who claimed the magazine publisher underpaid them.
Former interns who worked at Condé Nast from June 2007 to the present are expected to receive payments from $700 to $1,900.
In granting preliminary approval, U.S. Magistrate Judge Henry Pitman in Manhattan said the payout appeared reasonable, citing an estimate by the interns’ lawyers that it exceeded 60 percent of estimated unpaid wages.
“Given defendant’s size and stature in the publishing world, I assume it could withstand greater judgment,” Pitman wrote. “This fact, by itself, however, does not render the proposed settlement unfair.”
The law firm Outten & Golden, which represents the interns, plans to seek legal fees of $650,000, or 11.1 percent of the settlement fund. Read the rest of this entry »