opening_remarks19__01__970-630x420

Image via <a href="http://www.businessweek.com/articles/2014-05-01/tech-hubris-the-silicon-valley-antitrust-hiring-conspiracy#p2" target="_blank">Bloomberg</a>

A judge has rejected a settlement that was reached earlier this year between employees of Apple, Intel, Google, and Adobe and their respective companies, CNBC reported today. According to reports from the courtroom, Judge Lucy Koh ruled that the settlement was not high enough and should actually be $380 million.

The lawsuit was brought against the tech giants in question by current and former employees who believed (correctly) that their employers had created agreements to avoid attempting to hire engineers from one another. The idea was that if no competitors were making offers, each company was free to pay its employees whatever it wanted without having to worry about them jumping ship for a better offer.

Emails between executives at these companies revealed that such agreements did exist. and all parties involved agreed that the companies should pay out $324.5 million to affected employees.

[tweet https://twitter.com/fedcourtjunkie/status/497827603768946688 align=’center’]

[tweet https://twitter.com/marisakendall/status/497826202129018881 align=’center’]

[tweet https://twitter.com/fedcourtjunkie/status/497852372169666560 align=’center’]

FTC: We use income earning auto affiliate links. More.


Check out 9to5Mac on YouTube for more Apple news:

You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel

About the Author

Mike Beasley's favorite gear