“A class action plaintiff in the Silicon Valley anti-poaching lawsuit has asked a judge to reject a proposed settlement, claiming it benefits the lawyers and big tech firms more than the workers who brought the case,” Chris Isidore reports for CNNMoney. “‘The tentative settlement, if it stands, amounts to big profits for plaintiffs’ counsel, insulation from real liability for the defendants and locks in significant losses for the [affected tech workers],’ Michael Devine wrote Sunday in a letter to the judge overseeing the case.”
“At issue is a proposed $324 million settlement in the lawsuit against Silicon Valley tech giants,” Isidore reports. “A class of 64,000 tech workers say the companies conspired to not make job offers to one another’s employees”
“Last month, Apple, Google, Adobe and Intel reached a tentative settlement,” Isidore reports. “Devine, one of the named plaintiffs, argues that total lost wages could come to $3 billion. That comes to an average of just under $500,000 for each of the 64,000 plaintiffs.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Edward W.” for the heads up.]
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