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Del agrees to $1.2 mil. sexual harassment settlement; Wassong continues to head firm.

This article was originally published in The Rose Sheet

Executive Summary

DEL LABS $1.2 MIL. EEOC SEXUAL HARASSMENT SUIT SETTLEMENT will not affect the company's bottom line, the Farmingdale, NY-based cosmetic company said. Del Laboratories will pay the full amount of the settlement through a reserve fund set up for litigation expenses and other contingencies, according to the company. The $1,185,000 settlement, the largest ever recovered by the Equal Employment Opportunity Commission, is part of a consent decree filed Aug. 3 in the Long Island U.S. District Court.
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