
At a price tag of $65 million, IBM announced Nov. 22 that it had agreed to <A HREF="http://www.eweek.com/article2/0,1895,2064444,00.asp?kc=EWNAVEMNL112806EOAD">settle all claims in an overtime pay class action lawsuit</A> filed by current and former IBM technical support employees in federal district court in the Northern District of California in January 2006. Should the settlement meet the approval of the court, each qualified individual will be entitled to apply for a payment in accordance with the agreed-upon formula.