| Title | Silicon Valley Wage-Fixing Class Action Lawsuit Settled at $415 Million | |
| Date | Friday September 04 2015, @10:50AM | |
| Author | cmn32480 | |
| Topic | ||
| 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.
| Links |
printed from SoylentNews, Silicon Valley Wage-Fixing Class Action Lawsuit Settled at $415 Million on 2024-04-16 22:41:53