Apple, Google to pay $324 million to settle conspiracy lawsuit

#1

Post by abalone » Fri, Apr 25, 2014, 7:37 AM UTC

Apple, Google to pay $324 million to settle conspiracy lawsuit
reuters.com

Re: Apple, Google to pay $324 million to settle conspiracy lawsuit

#2

Post by abalone » Fri, Apr 25, 2014, 7:43 AM UTC

Now the question is, how much do people receive after the lawyers take their cut and it's divided up among 64K employees?

Re: Apple, Google to pay $324 million to settle conspiracy lawsuit

#3

Post by tigerente » Fri, Apr 25, 2014, 7:58 AM UTC

abalone wrote: post #2

Now the question is, how much do people receive after the lawyers take their cut and it's divided up among 64K employees?

Typically lawyers get on the order of 30%, so about $3400 per employee.

Re: Apple, Google to pay $324 million to settle conspiracy lawsuit

#4

Post by raldi » Fri, Apr 25, 2014, 8:00 AM UTC

tigerente wrote: post #3

abalone wrote: post #2

Now the question is, how much do people receive after the lawyers take their cut and it's divided up among 64K employees?

Typically lawyers get on the order of 30%, so about $3400 per employee.

Plus more from other companies?

Re: Apple, Google to pay $324 million to settle conspiracy lawsuit

#5

Post by beedogs » Fri, Apr 25, 2014, 8:04 AM UTC

Settlement seems low. Looks like every company involved ended up saving quite a bit of money, after all is said and done, with this little salary racket they had going.

Re: Apple, Google to pay $324 million to settle conspiracy lawsuit

#6

Post by dustcoin » Fri, Apr 25, 2014, 8:08 AM UTC

raldi wrote: post #4

tigerente wrote: post #3

Earlier quoted context omitted.

Typically lawyers get on the order of 30%, so about $3400 per employee.

Plus more from other companies?

The article text says "Four major tech companies including Apple and Google have agreed to pay a total of $324 million". Google and Apple are just the ones that get the bad press in headlines.

Re: Apple, Google to pay $324 million to settle conspiracy lawsuit

#7

Post by diestl » Fri, Apr 25, 2014, 8:10 AM UTC

This will leave a bad taste in the mouth around these companies. Apple really sound like a disgusting corporation when you look behind their well orchestrated PR image.

Re: Apple, Google to pay $324 million to settle conspiracy lawsuit

#8

Post by nutjob2 » Fri, Apr 25, 2014, 8:17 AM UTC

They got off lightly. What they really didn't want is for the truth about their repugnant behavior to come out. They broke the law so obviously, and have already essentially admitted it to the Justice Dept. I don't know why the lawyers didn't push for more.

Re: Apple, Google to pay $324 million to settle conspiracy lawsuit

#9

Post by rplnt » Fri, Apr 25, 2014, 8:20 AM UTC

diestl wrote: post #7

This will leave a bad taste in the mouth around these companies. Apple really sound like a disgusting corporation when you look behind their well orchestrated PR image.

So does Google.

Re: Apple, Google to pay $324 million to settle conspiracy lawsuit

#10

Post by x3c » Fri, Apr 25, 2014, 8:20 AM UTC

324M for 64000 employees in the class action lawsuit. That appears to be 5k per employee before legal fee which could be as high as 30% of the settlement. Hardly 2-3k for each employee, I think.

Very cheap for the companies. But at least a good precedent to discourage such practices in the future.