Pharmalot, January 25, 2012 – Novartis Pays $99M To Settle Overtime Rep Suit
More than a year after a federal appeals court ruled that Novartis sales reps are not exempt from overtime provisions of the Fair Labor Standards Act and, therefore, should be paid overtime (back story), the drugmaker has agreed to a $99 million settlement, according to lawyers for the reps. The move is significant because, until now, drugmakers have been fighting…