SAN FRANCISCO — Parties in the Silicon Valley “no-poach” class action have reached a new settlement, five months after a federal judge rejected their proposed $324.5 million deal as too low.
The new figure hasn’t been made public, but a lawyer familiar with the deal indicated it’s above the $380 million threshold set by U.S. District Judge Lucy Koh in August. The New York Times reported Wednesday that Adobe Systems Inc., Apple Inc., Google Inc. and Intel Corp. have offered $415 million to settle the case.
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