SAN JOSE, Calif. – A federal judge has approved a $415 million settlement to resolve a class-action lawsuit alleging Apple, Google, Intel and two other Silicon Valley companies illegally conspired to prevent them from getting better job offers.
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The settlement will pay more than 64,000 technology workers about $5,800 apiece.
The approval granted Wednesday by U.S. District Judge Lucy Koh ends a lengthy legal saga that exposed internal emails that cast former Apple CEO Steve Jobs in an unflattering light. Koh had rejected an earlier $324.5 million settlement of the case reached last year as inadequate.
The lawsuit accused Apple, Google, Intel and Adobe Systems of forming a secret cartel that agreed not to recruit each other's workers. Lawyers for the employees argued the pact illegally suppressed the wages of the affected technology workers.