Score one for the interns: On Thursday, Condé Nast agreed to pay $5.8 million to settle a class-action lawsuit filed by thousands of former interns who say they were underpaid during their time at the company.
The lead plaintiffs were Lauren Ballinger, who said she earned about $1 an hour while organizing accessories at W magazine, and Matthew Leib, who said he was paid roughly $300 for a summer internship at The New Yorker. The settlement agreement covers around 7,500 interns, Reuters reports, and interns from 2007 on are expected to receive payouts of $700 to $1,900.
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