McDonald's settles wage-theft allegations for $26M

McDonald's agreed to pay $26 million to settle wage-theft allegations in California.

A yearslong legal battle accused the fast-food chain of skimming wages from some 38,000 workers at corporate stores.

McDonald's allegedly structured its timekeeping to skirt California overtime law.

"The parties have reached a mutually acceptable resolution and have submitted the settlement to the court for its review and approval," company officials said in a statement. "McDonald's remains committed to our employees, and we continuously roll out additional trainings and resources across corporate-owned restaurants to promote continued compliance with all wage and hour laws."

Read more from CBS News.