Disgruntled Tech Worker Not Happy With Apple Inc. (NASDAQ:AAPL)?
Apple Inc. (NASDAQ:AAPL) along with three other tech majors in Silicon Valley would have been feeling pretty hard done by latest development in the recently concluded Anti poaching court saga which was watched closely by industry watchers and companies CEO’s alike.
Why Plaintiff Is Not Happy?
In the latest development in the case related to anti poaching pact amongst tech companies in Silicon Valley, one of the plaintiffs in the case Michael Devine, who is a 46 year old freelance tech worker has written directly to Judge Lucy H. Koh presiding over the United States District Court for the Northern District of California, imploring her to reject the $324 million out of court settlement which has been hammered out by the lawyers representing the tens of thousands of impacted tech workers and four bell weather tech firms in the silicon valley.
Companies Which Were Involved
The tech majors which included Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG) and couple of other firms had reached a out of court settlement in the month of April with lawyers representing nearly 64,000 tech workers in the information technology space ahead of the case being tried in a trail this May. As per the terms of the out of court settlement, workers would be paid nearly $324 million as penalty for the anti poaching measures which had been negotiated amongst the tech firms.
In his representation to the judge, Michael Devine goes on to assert the multimillion dollar settlement is grossly inadequate since it was just a fraction of the original $3 billion sought in damages by the impacted workers and goes on to claim that in the event of jury finding the companies at fault, the penalty could have been as steep as $9 billion. He goes on to indicate in the letter, that the tech majors are getting off too easily, in spite of the huge tomes of incriminating evidence which has been presented against them.