U.S. judge approves $415-million settlement in lawsuit accusing Apple, Google of holding down salaries

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.

  • Millie_Woods

    In addition to the $415 million fine, they should be shot for lobbying for open immigration in an attempt to further lower wages. These guys are all ‘whatever the market will bear’ when selling their products but they don’t want that economic principle to apply to them when paying wages. Multi-billionaires are nation-wrecking pricks who’ll shit in their own nest in the quest to move up a slot on the Forbes-richest list.

    • WalterBannon

      they are progressives, this is how they roll

  • Everyone Else

    FWIW Harvard and MIT had a similar no-poaching agreement, and Harvard broke it to get Steven Pinker.

  • canminuteman

    That sure is odd behaviour for corporations that are of the Democratic persuasion. That’s the kind of thing they accuse Republicans of doing..