Terms of the settlement were not disclosed, but according to a letter dated Aug. 1, following the agreement, both sides would submit a request to the court that the case be dismissed with prejudice, meaning that once dismissed, neither side could file an appeal.
“We are gratified that this matter has been dismissed, as the allegations were unfounded and completely false,” a spokesman for Wang told WWD.
Lawyers for former Wang employees Flor Duarte and Wenyu Lu declined to comment.
Since March, when the case was filed, there had been intense media coverage surrounding allegations that Wang had violated New York State labor laws, including provisions covering overtime, compensation and minimum wage.
Duarte and Lu claimed fellow employees were forced to work 16-hour days without overtime in an unventilated, windowless 200-square-foot room with more than 15 other workers.
In June, Wang denied the “scurrilous and inflammatory” allegations, calling his two ex-workers “disgruntled” with “axes to grind.” Lawyers for Wang noted that the Chinatown workspace was “modern, bright lit” with “high ceilings and large windows.”
Monday’s decision put an end to the back-and-forth, as Judge Baer also ordered that both parties be responsible for their own attorney’s fees and other costs related to the case.
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
Stay up to do date with breaking news and trending stories with WWD’s “The Essentialist.” Our newsletter delivers the top news in fashion right to your inbox. Want more info? Link in bio. #wwdfashion (📷: @kukukuba)
"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.