Refer to the In The News below: SAN FRANCISCO—A federal judge has decided a $324
ID: 2471766 • Letter: R
Question
Refer to the In The News below:
SAN FRANCISCO—A federal judge has decided a $324.5 million settlement isn’t enough to cover the damages done to more than 60,000 high-tech workers in a class-action lawsuit alleging Google and Apple conspired with other technology companies to block their top employees from getting better job offers. . . .
Koh estimated that the workers deserve at least $380 million, based on the evidence indicating their earning power was undermined by the collusion among their employers. . . .
The settlement would have been paid by Apple, Google Inc., Intel Corp., and Adobe Systems Inc. The lawsuit alleges they and three other companies—Intuit Inc., Pixar Animation, and Lucasfilm—secretly agreed not to recruit each other’s workers at various junctures from 2005 through 2009.
—Michael Liedtke
Source: Associated Press, 2014. Used with permission of The Associated Press. Copyright © 2015. All rights reserved.
In the Silicon Valley hiring case above, attorneys for the 64,000 plaintiffs asked for $3 billion in damages.
Instructions: Round to the nearest whole number.
(a) How much did this work out per worker?
$ per worker
(b) How much did the judge say they deserved (per worker)?
$ per worker
In the News: Judge Rejects Deal to Settle Silicon Valley Hiring Collusion CaseSAN FRANCISCO—A federal judge has decided a $324.5 million settlement isn’t enough to cover the damages done to more than 60,000 high-tech workers in a class-action lawsuit alleging Google and Apple conspired with other technology companies to block their top employees from getting better job offers. . . .
Koh estimated that the workers deserve at least $380 million, based on the evidence indicating their earning power was undermined by the collusion among their employers. . . .
The settlement would have been paid by Apple, Google Inc., Intel Corp., and Adobe Systems Inc. The lawsuit alleges they and three other companies—Intuit Inc., Pixar Animation, and Lucasfilm—secretly agreed not to recruit each other’s workers at various junctures from 2005 through 2009.
—Michael Liedtke
Source: Associated Press, 2014. Used with permission of The Associated Press. Copyright © 2015. All rights reserved.
Explanation / Answer
Answer
Answer (a)
How much did this work out per worker?
= $ 3,000,000,000/ 64,000 plaintiffs
= $ 46875 per worker
Answer (b)
How much did the judge say they deserved (per worker)?
= $ 380,000,000/ 64,000 plaintiffs
= $ 5937.5 per worker