Aramark statement regarding settlement agreement

Aramark announced an agreement the company reached in principle to settle claims in the lacher et al. v. aramark (case no. 2:19-cv-00687) and mercer et al.v. aramark (case no. 2:19-cv-02762) lawsuits pending in the united states district court for the eastern district of pennsylvania. the agreement was reached in connection with a voluntary mediation. if approved by the court, the agreement would resolve disputed claims made by plaintiffs who allege that aramark failed to pay bonuses allegedly owed to them and other current and former aramark managers. under the terms of the agreement, aramark will pay $21 million (inclusive of all plaintiffs’ attorneys’ fees, expenses and settlement costs) into a settlement fund in return for dismissal of the lawsuits and a release of all claims arising from the lawsuits.
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