Workers in tech case likely to get average of $4K 

click to enlarge Google
  • AP Photo/Alan Diaz, File
  • This April 9 2014, file photo, shows the Google logo at a store in Hialeah, Fla. Google, Apple, Intel and Adobe Systems announced Thursday, April 24, 2014, they have settled a class-action lawsuit alleging they conspired to prevent their engineers and other highly sought technology workers from getting better job offers from one another.

Nearly 60,000 high-tech workers are likely to receive an average of $4,000 apiece in a settlement of a class-action lawsuit alleging Apple and Google conspired in an illegal cartel of Silicon Valley employers that secretly refused to recruit each other's engineers.

The estimate is based upon an analysis of court documents, including the terms of a $324.5 million settlement outlined for the first time in a filing made late Thursday.

If approved, the $324.5 million settlement will be paid by Apple Inc., Google Inc. and two other companies, Intel Corp. and Adobe Systems Inc., accused of colluding to corral their top technology workers.

The 3-year-old lawsuit alleged the companies had reached "no-poaching" pacts prohibiting each other from trying to lure away each other's top workers with offers of higher-paying jobs.

Pin It

Speaking of...

More by The Associated Press

Latest in California

Tuesday, Nov 24, 2015


Most Popular Stories

© 2015 The San Francisco Examiner

Website powered by Foundation