Circuit City settles discrimination lawsuit

From NBC12 News

RICHMOND, VA (NBC12) - Circuit City executives have agreed to pay $15 million to settle a discrimination lawsuit.

More than 200 workers claim that the company laid them off because of their age.

Friday, a Los Angeles judge approved an agreement that allows the workers to become creditors of Circuit City.

The electronics chain let go 2400 people last year, who were making above-market rate pay.

Those who lost their jobs generally had more seniority and tended to be older.

Circuit City says the layoffs were based on salaries, not age.

The company filed for bankruptcy last month.

(c) 2008. WWBT, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.