Silicon Valley giants tied up in wage-fixing suit
Four of the world’s largest technology companies hit the headlines recently when they settled a class action brought in the US by more than 64,000 employees for the eye-watering sum of $324m (£196m), but the settlement was later overturned in the courts.
The claim was lodged in the US on behalf of engineers, programmers, digital artists and other technical staff employed by Apple, Google, Intel and Adobe Systems.
The employees alleged that between 2005 and 2009, the firms had secretly agreed not to solicit (or even hire) one another’s staff, in order to prevent a salary war from escalating in Silicon Valley. The employees claimed that this restricted their ability to move between the companies, reducing competition and in suppressing wages…
Click on the link below to read the rest of the Kemp Little briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Kemp Little
News from The Lawyer
Briefings from Kemp Little
This piece considers the impact of the Payment Systems Regulator, which was created on 1 April 2014 by the Financial Services (Banking Reform) Act 2013.
Over the past few months, the press has reported a rash of upcoming spin-offs.