Liberman settles lawsuits


Liberman Broadcasting and its parent, LBI Media, disclosed in an SEC filing that they have settled a lawsuit brought by some current and former employees in Los Angeles, one alleging violation of California labor laws pertaining to meal and rest breaks and another lawsuit alleging violations of overtime pay rules and wrongful termination. Liberman denies any wrongdoing, but says it has agreed to a proposed settlement of both lawsuits to avoid significant legal fees and other expenses. If the settlement is approved by the court, Liberman says it will pay a maximum of 825K, including legal fees.