No more than $325 million says Google and friends
Adobe, Apple, Intel and Google have been facing a class action lawsuit due to accusations that the companies have violated antitrust laws by creating an “no poach” agreement. The companies basically made a deal within the group not to cold call each other’s employees for hiring purposes. The class action lawsuit was supposed to be settled before trial started for $324 million.
In July however, Judge Lucy Koh rejected the settlement and took the side of those who kept saying that the settlement sum was not adequate. According to the objectors, the companies should at least pay $380 million in damage since other companies such as Pixar and Intuit have settled at higher sums.
Adobe, Apple, Google and Intel however, refuse to pay more that what is being offered. The companies have decided to argue their case that the deal struck is enough to make this all go away. The companies wrote in an appeal request that Judge Koh “impermissibly substituted the court’s assessment of the value of the case for that of the parties who have been litigating the case for more than three years.”
Employees who have been affected by the anti-poaching agreement between the four tech corporations have suffered as their wages have been illegally suppressed. It looks like this case isn’t going to be solved anytime soon. We wouldn’t be surprised if the tech companies try to settle at a higher sum in the future rather than go to court and end up paying much more. That would at least, be the smartest move to make at this point.