Just recently, a federal judge shot down a proposed settlement worth $324.5 million in a closely-monitored suit claiming companies from Silicon Valley conspired to not employ each other’s workers, and decreasing earnings for up to five years.
Attorneys who are representing over 60,000 present and ex-employees from Apple, Intel, Google, and Adobe Systems made a settlement agreement to offer compensation for employees who have lost earnings from 2005 until 2009.
But Lucy Koh, a U.S. District Judge from California, tore the proposed settlement in a written order.
Koh indicated the proposed settlement provided employees less than workers from Intuit Inc., Lucasfilm Ltd., and Pixar Animation had when those firms settled suits against them in the previous years for a $20 million. To attain the same rate, Koh said the settlement between Intel, Adobe, Google, and Apple should be total of at least $380 million.
Workers have been looking for damages worth $3 billion, which may have tripled from antitrust statutes.
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