Subscribe free to our newsletters via your
. GPS News .




TRADE WARS
Silicon Valley firms ink settlement in non-poaching case
by Staff Writers
San Francisco (AFP) Jan 16, 2015


Apple, Google, Intel and Adobe have inked a $415 million settlement over charges they colluded not to poach one another's employees, according to court documents.

The revised settlement still needs to be approved by US District Court Judge Lucy Koh, who rejected an early deal after deeming the damages to the plaintiffs in the class action suit were insufficient.

The new settlement proposes to create a cash fund of $415 million, which a legal filing boasted was $90.5 million more than the amount suggested in the original bargain.

While turning the original settlement deal away, Koh contended that the estimated 64,000 plaintiffs represented in the suit should share in at least $380 million, minus attorneys' fees.

If the revised settlement is approved by the court, the accused tech companies will avoid public airing of myriad of incriminating emails at a jury trial that would come with the risk of billions of dollars in damages.

In a class action suit filed in 2011, the titans of the tech industry were accused of hindering the mobility and salaries of the plaintiffs by agreeing not to poach each other's workers.

A first settlement offering $324.5 million in exchange for dropping the suit was signed in April 2014. But one of the plaintiffs argued it was not enough money for some of the country's richest firms, and Judge Koh agreed.

Three other companies targeted in the suit -- Intuit, Lucasfilm and Pixar -- had settled in 2013 for $20 million.

gc/oh

APPLE INC.

GOOGLE

INTEL

ADOBE SYSTEMS

INTUIT


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
Uniqlo pledges to improve factory conditions in China
Tokyo (AFP) Jan 15, 2015
Japanese clothing giant Uniqlo on Thursday pledged to improve working conditions at its Chinese suppliers and beef up monitoring following claims that the firms were putting employees at risk. The chain's parent company Fast Retailing said it was ushering in changes after the Hong Kong-based Students and Scholars Against Corporate Misbehaviour (SACOM) released a study this week that said fac ... read more


TRADE WARS
Chitosan, a sustainable alternative for food packaging

Brazil coffee production struggles after drought

EU lawmakers pass controversial GMO food law

Taiwan culls 6,000 more geese to curb bird flu outbreak

TRADE WARS
Toward quantum chips

Quantum optical hard drive breakthrough

Know when to fold 'em

Shedding light on why blue LEDS are so tricky to make

TRADE WARS
How prepared is your pilot to deal with an emergency?

Singapore navy finds main body of crashed AirAsia jet

Philippines buying C-130s from U.S. for security, disaster relief

Boeing delivers new F-22 flight simulators

TRADE WARS
Congestion expected after Toyota green car orders soar

China taxi booking app raises $600 mn for expansion

Peugeot sales power ahead; China now biggest market

From Rovers to Self-Driving Cars

TRADE WARS
Silicon Valley firms ink settlement in non-poaching case

Canada to host NAFTA summit 'later this year'

Uniqlo pledges to improve factory conditions in China

China 2014 trade surplus rockets to record high: govt

TRADE WARS
Gold mining devours S.American forest land: study

Salvaging the ecosystem after salvage logging

NASA Finds Good News on Forests and Carbon Dioxide

European fire ant impacts forest ecosystems by helping alien plants spread

TRADE WARS
Airbus Defence and Space, TerraNIS and ARTAL Technologies join forces

First satellite visible imagery of FY-2G successfully acquired

Rivers Are Draining Greenland Quickly: NASA-UCLA

ISS-RapidScat looks at the winds in US east coast's 'wind chill'

TRADE WARS
Revealing the inner workings of a molecular motor

New technology focuses diffuse light inside living tissue

Mysteries of 'molecular machines' revealed

Dartmouth researchers create 'green' process to reduce molecular switching waste




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.