US: Tech employees change their mind, urge rejection of non-poaching settlement
Plaintiffs suing four major technology companies for allegations they colluded not to hire each other’s employees are reportedly urging an appellate court to reject the defendants’ settlement offer after a federal judge rejected it.
According to reports, the tech employees have asked the court to reject the $324.5 million settlement offered by Apple, Google, Adobe and Intel after US District Judge Lucy Koh tossed the deal, denouncing it as far too inadequate. The defendants appealed her decision, saying it was made in “clear legal error.”
Reports say the plaintiffs filed with the court Tuesday asking for another rejection of the deal, noting that the class would defer to Judge Koh’s “sound judgment about how best to oversee this litigation.” The employees had originally approved of the offer.
Full content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI