Report: Best Buy settles employment discrimination case

San Francisco -- Best Buy Co. has reportedly agreed to pay $10.2 million in a settlement related to a job discrimination class-action lawsuit, Reuters reported.

The lawsuit, filed in 2005 in U.S. District Court in Northern California, alleged that the retailer discriminated against women, African-American and Latino employees by denying them promotions and more lucrative sales positions. Best Buy has denied any wrongdoing.

According to Reuters, Best Buy will pay up to $10 million for legal fees and costs in the six-year-old case, which was brought by nine people. The company also reportedly will pay $200,000 directly for the settlement, and has agreed to change its personnel policies and procedures to enhance equal employment opportunities at its stores nationwide.