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.
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.
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.
Attorneys representing those workers had asked for about $81 million in fees. However, Koh decided such an award would be an inappropriate “windfall” for the lawyers, and awarded about $40-million instead.