Business News By Dan Levine SAN FRANCISCO (Reuters) - Four Silicon Valley companies including Apple and Google failed to persuade a U.S. judge to sign off on a $324.5 million settlement to resolve a lawsuit by tech workers, who accused the firms of conspiring to avoid poaching each others employees. In a ruling on Friday, U.S. District Judge Lucy Koh in San Jose, California, said the class action settlement was too low, given the strength of the case against the companies. There is substantial and compelling evidence that late Apple Inc co-founder Steve Jobs was a, if not the, central figure in the alleged conspiracy, Koh wrote. Representatives for Apple and Google Inc declined to comment.
Posted on: Sat, 09 Aug 2014 11:45:05 +0000
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