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Judge Signs Off On $415M Settlement To Resolve Tech Industry Anti-Poaching Case

7 pointsby atorralbover 9 years ago

2 comments

greenyodaover 9 years ago
This is blogspam. The original article, which they link to at the bottom, is more informative:<p><a href="http:&#x2F;&#x2F;www.mercurynews.com&#x2F;crime-courts&#x2F;ci_28751080&#x2F;silicon-valleys-415-million-poaching-settlement-final" rel="nofollow">http:&#x2F;&#x2F;www.mercurynews.com&#x2F;crime-courts&#x2F;ci_28751080&#x2F;silicon-...</a><p>That article says:<p><i>&quot;The overall settlement provides payouts of about $5,000 per employee.&quot;</i><p>So the employees who were harmed (by getting lower salaries than they could get in a competitive job market) got almost nothing (maybe one or two weeks&#x27; salary), and the companies who entered into the illegal anti-poaching agreement got off with a slap on the wrist.<p><i>&quot;The judge&#x27;s main concern with the final settlement centered on fees for the employees&#x27; lawyers -- she slashed their original $81 million request in about half in her final order.&quot;</i><p>So the big winners here were the lawyers, who walked away with about $40 million.
sctbover 9 years ago
Previously discussed: <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=10168214" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=10168214</a>