Fastenal Company - Announces Preliminary Agreement to Settle Purported Class Action Lawsuit
PR News Wire (Free subscription) | 08/29/2008
WINONA, Minn., Aug. 29 /PRNewswire-FirstCall/ -- Fastenal Company (Nasdaq: ) announced today that it has reached a preliminary agreement to settle a purported class action lawsuit relating to the classification of its Assistant General Managers as exempt for purposes of the overtime provisions of the Fair Labor Standards Act (FLSA) and California, Oregon, and Pennsylvania state statutes....
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