Monday, May 12, 2014

CNN Week 11

In "Plaintiff blasts deal in Silicon Valley poaching case" by a class action plaintiff in the Silicon Valley anti-poaching lawsuit has asked a judge to reject a proposed settlement, claiming it benefits the lawyers and big tech firms more than the workers who brought the case. "The tentative settlement, if it stands, amounts to big profits for plaintiffs' counsel, insulation from real liability for the defendants and locks in significant losses for the [affected tech workers]," Michael Devine wrote Sunday in a letter to the judge overseeing the case. At issue is a proposed $324 million settlement in the lawsuit against Silicon Valley tech giants. A class of 64,000 tech workers say the companies conspired to not make job offers to one another's employees.The improper anti-poaching agreement significantly reduced wages in Silicon Valley, the suit alleged.

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