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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.

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

 

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