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Judge Signs Off On $415M Settlement To Resolve Tech Industry Anti-Poaching Case
- greenyoda 11y agoThis is blogspam. The original article, which they link to at the bottom, is more informative: http://www.mercurynews.com/crime-courts/ci_28751080/silicon-valleys-415-million-poaching-settlement-final http://www.mercurynews.com/crime-courts/ci_28751080/silicon-... That article says: "The overall settlement provides payouts of about $5,000 per employee." 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' salary), and the companies who entered into the illegal anti-poaching agreement got off with a slap on the wrist. "The judge's main concern with the final settlement centered on fees for the employees' lawyers -- she slashed their original $81 million request in about half in her final order." So the big winners here were the lawyers, who walked away with about $40 million.
- sctb 11y agoPreviously discussed: https://news.ycombinator.com/item?id=10168214 https://news.ycombinator.com/item?id=10168214