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324M for 64000 employees in the class action lawsuit. That appears to be 5k per employee before legal fee which could be as high as 30% of the settlement. Hardl
by x3c 12y ago
324M for 64000 employees in the class action lawsuit. That appears to be 5k per employee before legal fee which could be as high as 30% of the settlement. Hardly 2-3k for each employee, I think.
Very cheap for the companies. But at least a good precedent to discourage such practices in the future.
- MichaelApproved 12y ago> Very cheap for the companies. But at least a good precedent to discourage such practices in the future. These two sentences don't mix well with each other. Either it's cheap for companies and worth the expense or it's a good precedent that discourages these practices in the future. Cheap doesn't discourage.
- zwegner 12y ago> Very cheap for the companies. But at least a good precedent to discourage such practices in the future. does not compute
- tsotha 12y agoNo, it's probably not enough to discourage such practices. They almost certainly pocketed more than that as a result of their collusion - from a straight green-eyeshades perspective they ought to get together over a beer this weekend and hammer out a similar agreement.