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.
(Score: 4, Insightful) by skullz on Friday September 04 2015, @02:13PM
$415m / 64k peeps = about $6,400 per person, best case. Take out legal fees, processing, etc and it will be less than a yearly bonus (whatever that unicorn is).
So, all in all a good deal. For the defendants.
(Score: 2) by isostatic on Friday September 04 2015, @02:33PM
Invisible hand! Job creators! Commies!
(Score: 2) by skullz on Friday September 04 2015, @02:51PM
Get back in your control pen, ur, cubicle, cog!
I think the only thing this will do is get the Valley folks to make it harder to get caught next time. Secret codes, like drug deals. "Yo, Narayen my man, its Cook. I heard that one of my ungrateful PINAPPLEs was MOON LANDING for a ALABAMA RIDE spot over there. I did you a solid last month when one of your PINAPPLEs tried MOON LANDING over here. I would appreciate it if the FUEL in the MOON LANDER wasn't more than $100k and no maternity. Thanks, bro."
(Score: 2) by dyingtolive on Friday September 04 2015, @03:01PM
Is that payout including the attorney fees?
Don't blame me, I voted for moose wang!