Thread regarding Qualcomm Inc. layoffs

Did some fly-by-night attorney promise you a big payday in your class action?

Fuggetaboutit! This is more likely your endgame:

After five years of litigation, a federal judge has OK’d a $415 million settlement in a case over an alleged civil conspiracy by leaders of top Silicon Valley companies to put a lid on tech worker salaries.

However, U.S. District Judge Lucy Koh halved the $81 million in attorney fees sought by the lawyers who pursued the San Jose case against Apple Inc., Google Inc., Intel Corp. and Adobe Systems Inc., finding that the requested amount would be a “windfall,” Reuters reports.

As shown by emails sent by executives including Apple founder Steve Jobs, the companies participated in a no-poaching conspiracy that——because they declined to hire each other’s high-tech employees—had the effect of keeping salaries down, the plaintiffs said.

The settlement will provide about $5,800 each to 64,000 technology workers, according to the Associated Press and the San Jose Mercury News.

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| 388 views | | 1 reply (October 1, 2015) | Reply
Post ID: @OP+DKwWhXv

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Sorry, but you guessed wrong. Please try again. HR is into intimidation and name-calling. Plus they are way "perkier" than I am. I don't see how anyone could possibly make that mistake. (I'M MAKING BARF NOISES AT COMPUTER SCREEN AFTER WRITING THAT.) Shorter: There are a lot of attorneys out there who talk a good game, but who will never deliver. You have the right to make an informed decision. Do your own due diligence. The average settlement on many of these suits is far less than most of you will make in a month. And you aren't really hurting QCOM if you do it, because they keep lawyers on speed dial specifically to deal with this sort of crap, and they have insurance. Is it worth it? IMHO, you can accomplish much more by posting what it has really been like to work at QCOM recently than you can by filing a class action. For FREE!

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Post ID: @Aor+DKwWhXv

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