Legal Question in Employment Law in California

Of course, there is a way to negotiate a settlement but the terms will depend on many factors, unknown here, and on the skill of your negotiator. I'll spare you the lecture on the importance of having competent legal counsel who could have prevented you from being in this position in the first place, but don't spare the cost to help you negotiate a workable settlement. If this matter has not gone to judgment yet, you will need someone to assess any defenses you may have and the value of your employees' claims. There also may be incentives for the employees to want to accept a guaranteed partial settlement than risk not being able to get anything at all if you are put out of business.

You really should interview lawyers in your community who represent employers and retain someone you can afford and with whom you feel comfortable with.

Everything is negotiable. Their claimed amount is for 'leverage'. and to scare. The stronger your facts and defenses, the better the outcome for you. If serious about getting legal help, feel free to contact me. I've been doing labor and employment cases for over 20 years.