BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
(Reuters) — Workers accusing Apple, Google and two other Silicon Valley companies of conspiring to hold down salaries will try on Monday to win approval of a $415 million settlement from a U.S. judge who rejected an earlier deal as too low.
The plaintiffs alleged that Apple Inc., Google Inc., Intel Corp. and Adobe Systems Inc. agreed to avoid poaching each other’s employees, thus limiting job mobility and, as a result, keeping a lid on salaries.
The antitrust class action lawsuit was filed in 2011. It has been closely watched because of the possibility that big damages might be awarded and for the opportunity to peek into the world of some of the United States’ elite tech firms.
The case was based largely on emails in which Apple co-founder Steve Jobs, former Google CEO Eric Schmidt and some of their rivals detailed plans to avoid poaching each other’s prized engineers.
U.S. District Judge Lucy Koh in San Jose, California has scheduled a hearing for Monday to decide whether to give the new deal preliminary approval.
Last August, she rejected the previous $324.5 million agreement after one of the plaintiffs objected. That worker supports the new deal, his attorney has said.
In rejecting the $324.5 million deal, Judge Koh repeatedly referred to a related 2013 settlement involving the Walt Disney Co. and Intuit Inc. Apple and Google workers got proportionally less than Disney workers, Judge Koh wrote, even though plaintiff lawyers had “much more leverage” against Apple and Google.
To match the earlier settlement, the deal with Apple, Google, Intel and Adobe “would need to total at least $380 million,” Judge Koh wrote.
Among the arguments in favor of the new settlement, plaintiff attorneys have argued that the risks of trial are very high and pointed to a December verdict in favor of Apple on antitrust claims over its iPod digital music players. That case had been litigated for 10 years, and the plaintiffs received nothing.
(Reuters) — Four technology companies including Apple and Google blasted a U.S. judge for rejecting a proposed $324.5 million settlement over hiring practices in Silicon Valley and asked an appeals court to intervene, according to a court filing.