that the tool manufacturer misclassified them as independent contractors, according to a bid for preliminary approval of the deal filed in California federal court Monday. Matco will pay the class of about 273 franchisees $13. 5 million and relieve more than $2. 3 million worth of debt, according to the bid for approval of the deal. "The average net value of just the cash component of the settlement per class member will be nearly $35,000 each, and the average total. . .

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