Looks like David Copperfield is ready to make a big chunk of money disappear from his bank account.

The famous magician is looking to settle a lawsuit brought against him by former and current employees of his show at the MGM Grand Hotel and Casino in Las Vegas, according to court papers obtained by TheWrap.

A U.S. district court judge in Nevada has approved a motion for preliminary approval of settlement, which would find Copperfield and the other defendants shelling out $552,282.74.

The lawsuit was filed in February 2014 by a group of employees from his Vegas magic show claiming that they were stiffed out of overtime pay that was due to them.

The suit accused Copperfield of “consciously implement[ing] a system of coercion and deception aimed at denying employees their rights to overtime pay.”  Read more…..

http://www.thewrap.com/david-copperfield-agrees-to-500000-settlement-in-employee-lawsuit/