Condé Nast’s Intern Lawsuit Gets Settled For $5.8 Million

by Alexandra Ilyashov

Some closure has been reached in the contentious Condé class-action lawsuit by ex-interns claiming they’d been underpaid. The publishing conglomerate is forking over $5.8 million to the miffed former interns, which equates to approximately $700 to $1,900 for each intern. The suit was settled out of court in April, but the settlement’s sum was still under negotiation.

“While we continue to believe the internships that were offered at Condé Nast provided experiences that were among the best in the media business, we determined that settling the lawsuit is the right business decision for Condé Nast, as it allows us to focus our time and resources on developing meaningful, new opportunities to support future up-and-coming talent,” said CEO Chuck Townsend in an internal memo that went out to Condé staffers yesterday.

The lawsuit was filed in June 2013 by Matthew Leib, a former intern at The New Yorker, and Lauren Ballinger, who interned at W. Condé’s internship program was shuttered as a result, though perhaps the company will reinstate internships now that a settlement has been reached.

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