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Big Tech Firms Settle Wage Suit Terms

Article Comments  2  

Jan 16, 2015, 8:14 AM   by Eric M. Zeman   @phonescooper

Apple, Google, Intel, and Adobe have agreed to new payout terms to settle a lawsuit over hiring practices in Silicon Valley. In 2011, former workers alleged the companies conspired to not poach one another's employees in order to avoid a salary war. In so doing, they unfairly limited their workers' ability to find better-paying jobs between 2005 and 2009. The four companies have agreed to pay a total of $415 million after a judge rejected their initial offering of $324 million. The reward will be disbursed to some 64,000 workers, who will receive about $5,000 each after attorney's fees. The plaintiffs support the $415 million proposal, but it still needs to be approved by the court. The companies involved admitted no wrongdoing and said they chose to settle only to avoid costly litigation.

more info at Wall Street Journal »

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meager73

Jan 16, 2015, 5:05 PM
edited

Fat cow attorney

Lol 64000 x 5000=320 million- so attorney gets 120 million seems fair Rolling Eyes
its most likely more than 1 attorney but equals out to be a little under $1500 per employee...not too much
 
 
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