“A U.S. judge on Monday seemed satisfied with a proposed $415 million settlement that would end a lawsuit in which tech workers accused Apple Inc, Google Inc and two other Silicon Valley companies of conspiring to hold down salaries,” Dan Levine reports for Reuters.
“U.S. District Judge Lucy Koh in San Jose, California, had previously rejected an earlier $324 million deal as too low,” Levine reports. “During a hearing on Monday, Koh raised no objections about the size of the settlement as she had at an earlier court session.”
MacDailyNews Take: $91 million makes all the difference, we guess. Apple just made $92 million in the time it took you read this Take. 😉
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’ll be 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.
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