Outten & Golden: Empowering Employees in the Workplace

Archive for the ‘antitrust’ Category

Tech Companies Ordered To Pay Employees $415 Million For Working Together To Lower Wages

Thursday, September 3rd, 2015

Lauren WilliamsA U.S. District Court finalized a $415 million wage settlement for tech workers Wednesday after four-years of litigation.

Nearly 65,000 employees for Adobe, Apple, Google, and Intel filed a class-action antitrust lawsuit in 2011 after the government uncovered emails between Apple co-founder and CEO Steve Jobs, former Google CEO Eric Schmidt, and other executives that showed companies conspired to not poach one another’s employees in an effort to keep salaries low and reduce turnover.

Judge Lucy Koh of the United States District Court, Northern District of California, who signed off on the settlement, tossed out a previous $325 million agreement earlier this year because it was too low. The companies appealed the decision and then submitted a $415 million offer.

The companies will pay out the settlement to 64,466 plaintiffs listing in the suit according to individual worker’s base salaries between 2005 and 2009, the time period covered during the email exchanges.

Koh will lead a final hearing Thursday to close the matter.

This blog was originally posted on Think Progress on September 03, 2015. Reprinted with permission.

About the Author: The author’s name is Lauren C. Williams. Lauren C. Williams is the tech reporter for ThinkProgress with an affinity for consumer privacy, cybersecurity, tech culture and the intersection of civil liberties and tech policy. Before joining the ThinkProgress team, she wrote about health care policy and regulation for B2B publications, and had a brief stint at The Seattle Times. Lauren is a native Washingtonian and holds a master’s in journalism from the University of Maryland and a bachelor’s of science in dietetics from the University of Delaware.

Your Rights Job Survival The Issues Features Resources About This Blog