00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Walt Disney Company has agreed to a $233 million settlement with more than 51,000 Disneyland
00:07employees who alleged the company denied them a living wage, and according to Reuters,
00:11a lawsuit was filed in December 2019 after Disney argued it was exempt from Measure L,
00:15a minimum wage law passed by Anaheim voters in 2018.
00:18Walt required businesses receiving city tax subsidies to pay resort workers at least $15
00:22an hour starting in 2019, with scheduled increases in the following years.
00:27Disney's spokeswoman said 96% of its employees earned more than $22 per hour above the current
00:32$20.42 minimum under Measure L, and emphasized the company's commitment to competitive pay
00:37and benefits.
00:38For all things money, visit Benzinga.com.
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