Workers in tech case likely to get average of $4K

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Associated Press

Posted on May 24, 2014 at 8:02 AM

Updated Saturday, May 24 at 8:02 AM

SAN FRANCISCO (AP) — Nearly 60,000 high-tech workers are likely to receive an average of $4,000 apiece in a settlement of a class-action lawsuit alleging Apple and Google conspired in an illegal cartel of Silicon Valley employers that secretly refused to recruit each other's engineers.

The estimate is based upon an analysis of court documents, including the terms of a $324.5 million settlement outlined for the first time in a filing made late Thursday.

If approved, the $324.5 million settlement will be paid by Apple Inc., Google Inc. and two other companies, Intel Corp. and Adobe Systems Inc., accused of colluding to corral their top technology workers.

The 3-year-old lawsuit alleged the companies had reached "no-poaching" pacts prohibiting each other from trying to lure away each other's top workers with offers of higher-paying jobs.

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