Caribou Coffee settles labor suit for $2.7M

MINNEAPOLIS Caribou Coffee Co. has agreed to settle a class-action labor dispute for $2.7 million, pending court approval. The plaintiffs charged that Caribou violated the Fair Labor Standards Act by misclassifying coffeehouse managers as exempt from overtime play.

Caribou said in a Securities and Exchange Commission filing that it would deduct attorney’s fees from the total and pay the remainder in two installments before the end of this calendar year, in addit

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