TweakTown
Tech content trusted by users in North America and around the world
6,206 Reviews & Articles | 40,137 News Posts
TRENDING NOW: GTA V will have 'just for PC' features, including a video editor

Silicon Valley poaching case leads to $4,000 payouts following lawsuit

Silicon Valley employees will likely receive $4,000 in a poaching lawsuit that has dragged on for years in the federal court system

| Business, Financial & Legal News | Posted: May 24, 2014 7:48 pm

The $324.5 million payment that Apple, Adobe, Intel and Google agreed to pay will lead to $4,000 payouts to the workers, depending on their work salaries during the four-year lawsuit. A June 19 hearing in San Jose could lead to the deal being approved by a federal judge, though there already is resistance to the expected settlement.

 

TweakTown image news/3/7/37954_02_silicon_valley_poaching_case_leads_to_4_000_payouts_following_lawsuit.jpg

 

Top executives from Silicon Valley technology companies created "no-poaching" pacts so employees that argued they were unable to seek higher salaries elsewhere. Intuit paid $11 million and Pixar and Lucasfilm, which are both owned by Disney, paid the remaining $9 million - and that payment has already received approval from U.S. District Judge Lucy Koh.

 

Poaching talented rivals from one another is not uncommon in Silicon Valley, and salaries are increasing in value for workers, as job recruitment continues to be intense among tech and biotech companies.

NEWS SOURCESMercurynews.com, Washingtonpost.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases