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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