SpaceX Settles Overtime Pay Class Action for $4 Million

SpaceX settled an overtime pay class action with 4,100 workers on Wednesday for $4 million, reports the Business Journal. Plaintiffs alleged supervisors at Space Exploration Technologies Corp. of Hawthorne set schedules for their employees that made it impossible to take legally required rest periods every four hours or meal breaks.

Snap Launches New Camera Lens Ads

Snapchat started launching a set of new promotional lenses that superimpose corporate logos and other objects, such as tacos from Taco Bell, on buildings, horizon lines, and other elements of a user’s photos and videos, not just faces, reports Bloomberg. Snap began also selling lens ads for audiences of smaller sizes than its traditional nation-wide deals.

Hackers May Have Stolen Unreleased Disney Movie, CEO Bob Iger Tells Staff

Bob Iger, chief executive of Walt Disney Co., told staff during a company town hall Monday that hackers claim to have stolen a copy of an unreleased Disney movie and are now threatening to release it, reports Variety. The hackers have threatened to release the entire title in five minute snippets, though Iger vowed that Disney wasn’t going to pay.

Send tips on L.A. tech companies and startups to reporter Garrett Reim via greim@labusinessjournal.com. Follow @garrettreim on Twitter for the latest in L.A. tech news.