(MATTHEWS) -- Family Dollar Stores, Inc. has reached a preliminary settlement for a class of over 1,700 New York store managers regarding their claims for overtime wages. The preliminary settlement by the Matthews-based discount retailer provides for a maximum payment of $14 million.

The full terms of the settlement are no yet available because details are still be finalized finalized between the parties. Any finalized settlement between the Company and the class of New York store managers would require court approval, and that process has not yet begun.

The Company expects to record a one-time charge in the fourth quarter of fiscal 2012 for previously unplanned costs and expenses related to the litigation and its settlement.