Judge Approves RICO Class-Action Settlement against Wal-Mart

A federal judge in Colorado on Tuesday signed off on a settlement between Wal-Mart and 13,521 current and former employees, resolving claims that the retail giant violated federal racketeering laws by conspiring with insurers and its medical contractor to deny them workers' compensation benefits.The $8 million settlement in Josephine Gianzero v. Wal-Mart brings three years of litigation to a close, and is the first known resolution of a class-action Racketeering Influenced and Corrupt Organizations Act (RICO) lawsuit filed against an employer, an insurer and a health care provider.The plai...