“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?
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