Condé Nast to Pay $5.85 Million in Intern Pay Settlement

CondeNastLogoCondé Nast has won a federal judge’s approval to pay $5.85 million to about 7,500 former interns who sued the company. The settlement means that the thousands of interns who claimed that they were underpaid will now receive payments between $700 and $1,900.

The amount doesn’t seem like much, but Judge Henry Pitman approved the $5.85 million payout based on the intern’s lawyers’ estimate that it “exceeded 60 percent of estimated unpaid wages.”

“Given defendant’s size and stature in the publishing world, I assume it could withstand greater judgment,” Pitman wrote, according to Reuters. “This fact, by itself, however, does not render the proposed settlement unfair.”