Big Tech Firms Settle Wage Suit Terms
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.
LG and Samsung Sued Over Hiring Practices
A former LG employee is suing both LG and Samsung, alleging the companies have a no-recruit agreement between them in the U.S., which can impact employees' potential earnings. Accuser A.
Sprint and Verizon Fined Total of $158M to Settle Cramming Charges
The FCC today said Sprint and Verizon Wireless have agreed to pay $158 million to settle charges that they fraudulently charged customers for third-party services — a tactic referred to as cramming. Specifically, Sprint will pay a total of $68 million, $50 million of which will go back to customers, $14 million of which will go to state governments, and $2 million of which will go to the federal government.
AT&T Agrees to Pay $25 Million Over Privacy Debacle
AT&T today agreed to pay the FCC a fine of $25 million in order to settle an investigation into consumer privacy violations at its call centers. The data breaches, which took place in early 2014, exposed the personal data of some 280,000 AT&T customers at call centers in Mexico, Colombia, and the Philippines.
Sprint Allowed to Settle Cramming Charges for $50M
Sprint has settled accusations with the Consumer Financial Protection Bureau that it over-billed customers for unwanted services. In May, the FCC fined Sprint $68 million for adding third-party services to customer bills without customer permission — a practice known as cramming.
Sprint Settles Lawsuit Over Nextel Merger for $131 Million
Sprint today settled a class-action lawsuit regarding its 2005 acquisition of Nextel for $131 million. Investors claim Sprint executives defrauded shareholders by inflating stock and bond prices after Sprint closed its acquisition of Nextel.
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