A popular sports bar chain will shell out about $8.5 million to compensate employees for failing to pay them minimum wage and improperly keeping a portion of their tips, federal officials and the company said Thursday. Chickie's and Pete's agreed to repay $6.8 million in back wages and damages to more than 1,100 current or former workers in a settlement described by the U.S. Labor Department as the largest wage-and-tip violation case in agency history. Separately, the restaurant said it would spend nearly $1.7 million to settle private lawsuits with about 90 other employees who alleged unfair pay practices.
Existing-home sales lowest since 2012
Sales of previously owned U.S. homes dropped in January to the lowest level since July 2012 as harsh winter weather combined with a lack of supply, strict lending rules and declining affordability to depress demand. Purchases fell 5.1 percent to a 4.62 million annual rate last month, figures from the National Association of Realtors showed Friday. Sales fell in all regions of the country, indicating weather was only partly to blame.