A PYMNTS Company

US: Tech Worker Lawyers waive fees to conclude Silicon Valley antitrust suit

By  |  March 2, 2015

Wanting to complete a $415 million antitrust settlement, attorneys representing employees suing tech companies including Apple and Google said they are willing to forgo $23 million in fees to see the case end.

    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.

    The case, which was scheduled for trial in April, already has generated a trove of internal e-mails detailing anticompetitive agreements among the chief executive officers at technology giants.

    It is the second bid to end the four-year battle over claims the firms conspired to avoid hiring from each other. Companies are offering $90.5 million more than in the original accord, which was rejected by a judge in August, while the lawyers’ take remains fixed at $81 million.

    For the companies, which include Adobe Systems Inc. and Intel Corp., approval of the deal would remove the threat of a jury trial that might result in damages of more than $9 billion.

     

    Full Content: Bloomberg

     

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