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posted by cmn32480 on Friday September 04 2015, @10:50AM   Printer-friendly
from the the-lawyers-got-how-much dept.

From The Register:

Apple, Google, Adobe, and Intel's $415m settlement with Silicon Valley techies over wage-fixing accusations has been formally approved by a judge.

On Thursday, Judge Lucy Koh, sitting in the northern district court of California, gave her approval [PDF] to a deal that will see the tech giants compensate workers for potential lost wages related to their illegal "no-poaching" pact.

[...] After paying off the lawyers, the money will be distributed among the 64,466 class-action members making up the plaintiffs in the case. Another 56 people opted out of the settlement, reserving their right to pursue individual cases.

Apple, Google, Adobe, and Intel were the four remaining holdouts in the case over a large-scale conspiracy by Silicon Valley firms not to poach each others' employees in an effort to slow escalating wages. The pacts were said to involve executives in the companies' highest ranks, including Apple co-founder and longtime CEO Steve Jobs.


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  • (Score: 5, Insightful) by TheGratefulNet on Friday September 04 2015, @12:21PM

    by TheGratefulNet (659) on Friday September 04 2015, @12:21PM (#232209)

    fully agreed. I was once the golden boy, when I was younger. I always had a good paying job at a famous bay area company. up until I hit 40. then it was quite a different deal. now that I'm over 50, I've gone more than 8 months without a job offer. and I -am- a good software (and hardware) engineer, but I'm local-born, experienced and if a company had to choose between me (who knows his rights and will not be forced to work like a fucking slave for the bossman) and an h1b or even a younger person, they'll pick the guy they can bully and force more work out of for much less pay.

    its all about the pay and the ability to abuse you. it may not seem like that when they woo you and make you feel special, but you know, the 'special' feeling fades very fast and you are now yesterday's news pretty darn quick.

    either we hang together or we hang separately, brothers (and sisters). it really IS true.

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