Google, Apple $415M deal with tech workers gets final approval

From ComputerWorld: A court in California has approved a $415 million settlement between tech workers and Intel, Google, Apple and Adobe Systems, who were accused of conspiring to prevent the poaching of each other's employees.

The final approval has, however, reduced significantly the sums to be paid to lawyers and the class representatives who had initiated the court action.

The tech workers, who filed the suit, had alleged that Google, Apple, Intel, Adobe, Intuit, Lucasfilm and Pixar had engaged in an "overarching conspiracy" to fix and suppress employee compensation and to restrict employee mobility. Intuit, Lucasfilm and Pixar had previously settled with the workers for about $20 million.

Judge Lucy H. Koh of the U.S. District Court for the Northern District of California, San Jose division on Wednesday described the settlement, for which she had given a preliminary approval in March, as "fair, adequate, and reasonable." She added that the court was convinced that the settlement was arrived at after arm's-length negotiations and was not the result "of fraud, overreaching, or collusion among the parties."

View: Article @ Source Site