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Broadcast network NBC has agreed to settle claims filed by former interns who claimed the network's unpaid internship program violated federal and state labor laws.
A group of interns led by ex-"Saturday Night Live" intern Monet Eliastam filed the class action lawsuit last year alleging that unpaid interns were being used in place of normal workers at NBC. The suit also alleged that NBC's internship program failed to provide academic or vocational training. If approved by the judge in case, the $6.4 million settlement would be distributed among thousands of former interns, reports The Hollywood Reporter.
What can business owners learn from NBC's settlement in this case? Here are five things to remember when it comes to unpaid interns:
Under the terms of the settlement in NBC's case, the lead plaintiff will receive a $10,000 payment. Most other members of the class will receive an estimated $505 payout, according to The Hollywood Reporter.
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