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08-09-2014, 12:20 AM #1
Court Rejects No Poaching Settlement of $324.5 Million
A federal judge recently rejected a settlement proposal that was put forth by Apple, Google, Intel and Adobe. The proposal would have seen the tech giants pay a sum of $324.5 million to end a long-running class action lawsuit. This particular lawsuit accused the tech giants of agreeing to not hire each other’s’ employees, a move which caused a reduction in competition and the stagnation of wages.
The rejection of the proposal comes nearly three months after the settlement, in which each of the workers that were affected would have received between $2,000 and $8,000. Presiding Judge Lucy Koh ruled that offer wasn’t significant enough when compared to the settlement previously reached with Intuit, Lucasfilm and Pixar in the same case.
Koh wrote the following regarding the matter:
The remaining defendants should, at a minimum, pay their fair share as compared to the settled defendants, who resolved their case with plaintiffs at a state of the litigation where defendants had much more leverage over plaintiffs.
If the suit was to continue to trial, the plaintiffs could stand to win roughly $3 billion. A similar lawsuit was brought against the same tech giants by the US Department of Justice and settled back in 2010. We’ll have to wait and see what comes of the current situation by being patient.
08-09-2014, 06:34 AM #2
This is really a dumb lawsuit these folks took the jobs at their own free will hell I would leave a company and got to another one if the I was offered more money I have a family to support and bills to pay it is a no brainer Jobs did not put a gun to their head and force them to come to Apple.
08-09-2014, 01:15 PM #3
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