Apple reaches settlement in class action suit over wage suppression [updated]

Update: Reuters has just reported that the final amount of the settlement is $415 million.

Original Story: Apple, along with several other tech companies, has reached a settlement deal today in a class action suit concerning anti-poaching policies that may have suppressed wages among tech workers in Silicon Valley.

While it's unclear what the terms of the settlement are, the judge in the case had already rejected quite a large sum in a previous settlement proposal. From Reuters:

Workers accused the firms of conspiring to avoid poaching each other's employees. U.S. District Judge Lucy Koh in San Jose, California, last year rejected a $324.5 million settlement of the lawsuit as too low after one of the named plaintiffs objected.

The suit has been going on for a while, and previously unearthed some damning emails from 2007 in which Steve Jobs had threatened Palm with legal action over hiring employees away from Apple.

Source: Reuters 1, 2

Dan Thorp-Lancaster