Four major Silicon Valley companies have formally agreed to pay
$324.5 million to settle claims brought by employees who accused them of
limiting competition by colluding not to poach each other's talent.
The
settlement, between Apple Inc, Google Inc, Intel Corp, Adobe Systems
Inc and roughly 64,000 workers, was disclosed in papers filed late on
Thursday with a federal court in San Jose, California.
U.S.
District Judge Lucy Koh has been asked to preliminarily approve the
accord at a June 19 hearing, over an objection by one of the four named
plaintiffs, Michael Devine, who says the settlement let the companies
off too easily.
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Saturday, May 24, 2014
Apple, Google, Intel, Adobe to Pay $325 Million to Settle Hiring Lawsuit
3:08 AM
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