Jack in the Box subsidiary Del Taco settles California wage class action for $50M

JACK IN THE BOX INC

Del Taco entered settlement agreement for $50M to resolve class action and PAGA wage-and-hour claims in California.
Class covers non-exempt employees in California from March 2012 to November 2021; PAGA group through August 2022.
Settlement is subject to preliminary and final court approval; no admission of wrongdoing.
Company says settlement was anticipated and within expected range; Del Taco acquisition remains accretive with minimal EPS impact.

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