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$324 million divided among 64,000 people is only about $5000. Once "legal overhead" has taken place I wouldn't be surprised if that number was more like $2000.
by quasse 12y ago
$324 million divided among 64,000 people is only about $5000. Once "legal overhead" has taken place I wouldn't be surprised if that number was more like $2000.
I think the judge has some grounds for questioning the lowness of that number. On the other hand, I agree that convincing a jury of laypeople that all 64,000 workers have suffered more than that in depressed wages might be difficult.
- hga 12y agoThat "legal overhead" is very real; without those lawyers fronting the money to pursue the case, we wouldn't be having this discussion in the first place. That the settlement is low is obviously a calculation by those lawyers of the risk of taking it to trial, losing and being highly in the red.
- greenyoda 12y agoAlso, $324M is not nearly enough money to deter companies the size of Google or Apple from engaging in behavior like this in the future. The only thing that might prevent them from colluding like this again would be the threat of criminal charges against their executives or many billions in penalties.