Bigger Settlement Said to Be Reached in Silicon Valley Antitrust Case

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Apple, Google, Intel and Adobe are offering a joint payment of $415 million to settle the case of a class-action antitrust suit that accuses them of conspiring against their own employees. The new payment is up from the $324.5 million they offered in the spring 2014.

Lawyers for the 64,000 software engineers who are the class-action plaintiffs have already agreed to the new figure, but that does not automatically end the case. The earlier amount was acceptable to the plaintiffs’ lawyers, but it was rejected by the judge overseeing the case as inadequate.


Bigger Settlement Said to Be Reached in Silicon Valley Antitrust Case Apple, Google Reach New Deal to End US Lawsuit Over Poaching (Revere Digital)