A PYMNTS Company

US: Silicon Valley non-poaching defendants seek settlement approval

By  |  May 24, 2014

The defendants named in a high-profile lawsuit over non-poaching agreements have reportedly filed to have their $324.5 million settlement approved by a judge.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Apple, Google, Intel and Adobe reached the settlement offer last month, but it wasn’t until last Thursday that the proposal was filed and the terms of the settlement became officially disclosed.

    The defendants were accused of violating competition law and unfairly keeping workers’ wages artificially low by agreeing not to hire each others’ employees. Thousands of tech workers had joined the class action.

    The $324.5 million is only a fraction of what the class had sought in damages.

    Full content: North Jersey

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.