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Big Tech Firms Settle Wage Suit Terms

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

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.

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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 🙄

The Victor

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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