“A U.S. judge on Wednesday granted final approval to a $415 million settlement that ends a high profile lawsuit in which workers accused Apple, Google and two other Silicon Valley companies of conspiring to hold down salaries,” Dan Levine reports for Reuters.
“The plaintiffs alleged that Apple Inc, Google Inc, Intel Corp and Adobe Systems Inc agreed to avoid poaching each other’s employees, thus limiting job mobility and, as a result, keeping a lid on salaries,” Levine reports. “In a ruling on Wednesday, U.S. District Judge Lucy Koh in San Jose, California, found the deal was fair to the thousands of plaintiff workers in the class action.”
Levine reports, “The case was based largely on emails in which Apple co-founder Steve Jobs, former Google Chief Executive Officer Eric Schmidt and some of their rivals detailed plans to avoid poaching each other’s prized engineers.”
Read more in the full article here.
MacDailyNews Take: We’re happy to see this thing is the rear view mirror. While we understand the concerns of the CEOs and companies involved, the whole thing was unseemly. Let the job market bear what the job market will bear.
Now that you’ve proven cases can actually end in your court, Luce, how about Apple v. Samsung?
SEE ALSO:
Judge Lucy Koh likely to approve Apple, Google poaching settlement – March 3, 2015
Apple, other Silicon Valley firms reach new settlement deal to end poaching lawsuit – January 14, 2015
Apple, Google appeal Judge Lucy Koh’s settlement rejection in no-poach lawsuit – September 5, 2014
Judge Koh says she’s concerned about Apple, Google anti-poaching settlement – June 20, 2014
Plaintiff blasts Apple, Google, Adobe, Intel settlement deal in Silicon Valley poaching case – May 12, 2014
Apple, Google, Intel, Adobe settle antitrust hiring case for $324 million – April 24, 2014
Apple, Google, other firms could pay ‘blindingly high’ $9 billion in anti-poaching suit – April 8, 2014
A whiff of settlement in Silicon Valley anti-poaching case – March 28, 2014
Steve Jobs wasn’t okay with Google hiring even former Apple engineers – March 27, 2014
Judge Koh: 60,000 Silicon Valley workers may pursue collusion case against Apple, Google, others as group – January 14, 2014
Steve Jobs threatened patent suit to enforce no-hire policy, according to court filing – January 23, 2013
Judge Koh orders Apple CEO Tim Cook to four hours of questioning in anti-poaching case – January 17, 2013
Apple, Google, Intel, Adobe, Intuit, Pixar, and Lucasfilm fail to get staff-poaching antitrust lawsuit dismissed – April 19, 2012
Court filing: Steve Jobs told Google’s Schmidt to stop poaching workers – January 27, 2012
Did Apple CEO Steve Jobs ask Palm’s Colligan to collude? – August 20, 2009
Did Apple and Google make an anti-poaching deal? – August 9, 2009
Excellent take MDN!
I agree, on both points.
So, how much of the $415 million do the actual victims receive?
$3.47 for each victim, $51.6 million for each lawyer. Probably.