• Apple, Google and Other Tech Giants Offer $415M Settlement for Anti-Poaching Lawsuit

    Apple, Google and two other tech giants from Silicon Valley have agreed to pay out $415 million to settle an anti-trust class action lawsuit regarding “no-poach” measures and artificially suppressed employee salaries. The settlement amount was made public after a court filing earlier this week revealed that Apple, Google, Intel and Adobe reached new settlement terms in the case. At the time, no official number was provided but a preliminary motion to settle filed in court recently detailed the price of $415 million.

    The defendants agreed to a smaller $324.5 million settlement last April but Judge Lucy Koh rejected the offer after she heard objections from plaintiff Michael Devine, stating that Apple and others should “pay their fair share.” Judge Koh’s initial rejected was partially based on a prior settlement reached by codefendants Intuit, Pixar and Lucasfilms which settled out of court for $20 million. In total, the class is set to receive roughly $435 million, with a portion of it going to legal fees.

    For those of you who are out of the loop, employees working for Apple, Google and other tech giants in Silicon Valley sued their employers over alleged anti-poaching mandates that were enacted by executives. The complaint mentioned defendants actively putting a cap on salaries by employing various no-poach tactics like “do not call” lists, emails and intra-office communications.

    Source: Scribd via AppleInsider
    This article was originally published in forum thread: Apple, Google and Other Tech Giants Offer $415M Settlement for Anti-Poaching Lawsuit started by Akshay Masand View original post
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