YOU ARE HEREBY NOTIFIED that a proposed settlement (“the Settlement”) of the above-captioned class action (“the Action”) filed in the Los Angeles County Superior Court has been reached by Richemont North America, Inc. (“Richemont”) and Faye Zhang (“Plaintiff”), an individual, on behalf of herself and all others similarly situated and has been granted Preliminary Approval by the Court supervising the Action. The Los Angeles County Superior Court has ordered that the Class Notice be sent to you because you may be a Settlement Class member. The purpose of the Class Notice is to inform you of the Settlement of this class action and your legal rights under the Settlement as follows:
- Richemont has agreed to settle a lawsuit brought on behalf of all persons who are or were employed by Richemont in California during the period from September 12, 2015 through September 29, 2020 (the “Settlement Period”) as an hourly-paid or non-exempt employee (hereafter, “Settlement Class”).
- The proposed Settlement resolves all alleged claims regarding the following wage and hour policies and/or practices of Defendant Richemont North America, Inc.: overtime and/or double time wage, minimum wage, straight time wage, failure to pay for all hours worked, meal and rest breaks and any premiums thereon, wage statement violations, waiting time penalties, or other penalties of any kind arising from an alleged failure to pay wages. Finally, the settlement resolves claims for unfair competition and penalties under California’s Private Attorney General Act (“PAGA”) arising out of the alleged wage and hour policies and practices of Defendant Richemont North America, Inc. The settlement avoids costs and risks to you from continuing the lawsuit; pays money to employees; and releases Defendant from liability for these claims.
- The two sides disagree on whether Defendant is liable for the allegations raised in this case and how much money could have been won if the employees won at trial.
- Your legal rights may be affected. Read the notice carefully.