Judge Rejects Silicon Valley Non-poaching Class Action Settlement as Too Low
A federal judge in California has just rejected a proposed settlement of a class action involving non-poaching of Silicon Valley employees by big tech companies because the $324.5 million settlement proposal was not high enough. The employees’ estimated damages are $3 billion and could be trebled if they win at trial. It’s highly unusual for a judge to reject a settlement for not being enough. http://www.usnews.com/news/business/articles/2014/08/08/judge-rejects-3245m-settlement-of-tech-wag
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