Apple, Google will have to set aside more money for a final settlement
A federal judge in California has rejected a $324.5 million settlement in an antitrust case targeting the hiring practices at tech giants Apple, Google, Intel and Adobe Systems.
U.S. District Judge Lucy Koh ruled Friday that the “total settlement falls below the range of reasonableness” in a three-year old class action brought by a group of tech workers who alleged that the group of companies had colluded to bring down Silicon Valley salaries by agreeing to not poach each other’s workers.
The two sides agreed to settle the case in April after the companies produced emails showing executives at various companies discussing no-hire deals with their counterparts at other companies. But they denied claims that they conspired to keep down wages.
However, Koh said in her order Friday that the four companies must add more than $50 million to their settlement proposal – at least $380 million – in order…
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