Judge approves $415M settlement in anti-poaching lawsuit | iLounge News

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Judge approves $415M settlement in anti-poaching lawsuit

A U.S. judge has approved a $415 million settlement in the anti-poaching lawsuit against Apple and several other Silicon Valley companies, Reuters reports. The class-action antitrust lawsuit, filed in 2011, accused Apple, Google, Intel, and Adobe of conspiring to avoid poaching employees from each other, thereby allowing them to also hold down employee salaries. While the four companies offered up a $324 million settlement in April 2014, that proposal was rejected by the judge as falling “below the range of reasonableness” after an objection from one of the plaintiffs. In January of this year, the four came back with the offer of $415 million, which received final approval from Judge Koh in a ruling on Wednesday, finding that the deal was “fair to the thousands of plaintiff workers in the class action.”

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