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Reuters is reporting the settlement to be about $324million. So an order of magnitude less than speculated here. http://www.reuters.com/article/2014/04/24/us-a
by guimarin 12y ago
Reuters is reporting the settlement to be about $324million. So an order of magnitude less than speculated here.
http://www.reuters.com/article/2014/04/24/us-apple-google-lawsuit-exclusive-idUSBREA3N28Z20140424 http://www.reuters.com/article/2014/04/24/us-apple-google-la...
And just in case anyone is wondering that works out to: $3375 per employee effected.
- georgemcbay 12y agoAnd more importantly it works to: $totally worth it for the companies involved. 324/4 = $81 million each (assuming they split it evenly, I have no idea how that division works). While each employee represented in this suit got the shaft, the bigger problem (IMO) is that the punitive cost for the individual companies is small enough (relative to their sizes and how much they likely saved by engaging in this practice) that it alone is unlikely to change any future behavior.