• US Judge Approves a $415 Million Settlement in the Anti-Poaching Lawsuit



    US District Court Judge Lucy Koh recently approved a joint $415 million settlement in an anti-poaching lawsuit that involved Apple, Google, Intel and Adobe. The news helps to official bring the long case to a close.

    For those of you who didn’t know, originally filed in 2011 by workers from Apple, Google, Intel and Adobe, who accused their employers of instituting a so-called “no poach” rule, artificially suppressing salaries by stifling cross-company mobility. The executives at each company were set to task over the matter but the case ended up attaining its high-profile status when claims were made against Steve Jobs. According to plaintiffs, Jobs instigated a variety of anti-poaching guidelines in an effort to retain talent. Among these guidelines was the creation of “do not call” lists.

    The defendants originally agreed to an initial settlement that was reportedly worth $324.5 million last year but the class representative, Michael Devine, who was a former Adobe systems engineer, objected to the offer stating that the amount was “grossly inadequate.” Judge Koh ended up rejecting the offer citing a prior $20 settlement reached in the same case by Intuit, Pixar and Lucasfilm previously in 2013.

    Upon reaching and getting the new settlement terms of $415 million, each of the 64,466 class members will receive a fraction of the award based on their total base salary during the alleged conspiracy period between 2005 and 2009.
    As for Apple, this marks one less legal battle to face.

    Source: Reuters
    This article was originally published in forum thread: US Judge Approves a $415 Million Settlement in the Anti-Poaching Lawsuit started by Akshay Masand View original post
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