Judge OKs $415M settlement in tech workers' lawsuit

[Omaha Steve]

Source: AP-Excite

SAN FRANCISCO (AP) — A federal judge has tentatively approved a $415 million settlement in a major class action lawsuit by Silicon Valley workers who accused Apple Inc., Google Inc. and other tech companies of making an illegal agreement not to hire each other's employees.

Judge Lucy Koh had rejected an earlier settlement offer, saying it didn't offer enough compensation to about 64,000 workers affected by the case. She cited evidence of a corporate conspiracy to make it difficult for tech workers to negotiate better jobs at rival companies.

Koh said she was satisfied this week after the companies increased their earlier offer of $324.5 million. She invited final comments on the deal before she grants final approval at a hearing on June 9.

FULL short breaking story at link.


Read more: http://apnews.excite.com/article/20150304/us-tec-apple-google-no-poaching-suit-ea0a84e901.html

[Demeter]

1. Good. Hope they go under

[tomm2thumbs]

2. roughly 5,000 dollars avg per person changed to 6,500?

or am I getting that wrong

[Dustlawyer]

3. As usual, these companies still saved hundreds of millions for the time of their illegal conduct.

[cstanleytech]

4. Yup. The courts need to get with the times and realize that these little fines are

just a drop in the bucket compared to how much money the companies are earning especially when they break the law and thus they really do nothing to discourage companies from breaking the law because the companies can afford to pay these fines with ease.