Friday, 16 January 2015

Apple, Google, Intel, and Adobe employee-poaching settlement rings in at $415 million

The second attempt at a settlement between Apple, Google, Intel, and Adobe for a four-year-old lawsuit over alleged employee hiring practices now has a price. In a filing today, the plaintiffs in the case said the recently-met settlement is valued at $415 million, which is $90.5 million more than an earlier deal that was rejected by US District Court Judge Lucy Koh. And more importantly, it's above the $380 million Koh said the accused companies would need to agree to before she'd approve it.
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