Suit Granted Class-Action Status
The Associated Press
Jul. 31, 2002
%mlink(STRY:; PHOTO:; AUDIO:%)
A lawsuit accusing Borders Group Inc. of denying overtime compensation in violation of California law will be heard as a class action, the company said Wednesday.
The Superior Court of California granted the plaintiffs' motion for class certification on Monday, Ann Arbor, Mich.-based Borders said in a filing with the Securities and Exchange Commission.
The class consists of all individuals who worked as assistant managers in a Borders superstore in California at any time between April 10, 1996 and March 18, 2001.
The book and music retailer said it intends to ``vigorously'' defend itself against the allegations.
Shares of Borders were down 30 cents to close at $17.70 in trading Wednesday on the New York Stock Exchange.