Walt Disney Co. agreed to pay $43 million to settle a long-running lawsuit that alleged women employees were paid less than men.

Female Disney workers in California would receive $43.25 million to end their class action lawsuit over gender pay disparities under a proposed settlement.

Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs' lawyers said in a statement on Monday.