Zumiez increases California lawsuit settlement cost to $2.1M

Zumiez Inc. increased the settlement cost of a California class action regarding overtime pay and meal breaks to $2.1 million from $1.3 million reported last month. The Everett-based youth apparel retailer (NASDAQ: ZUMZ), in a Securities and Exchange Commission filing, said "the lawsuit is similar to numerous lawsuits filed against retailers and others with operations in California. Although the company believes that the allegations in the lawsuit lack merit, it has agreed to a mediator's proposal to settle the claims in the lawsuit to avoid significant legal fees, other expenses and management time that would have to be devoted