Unclassy Action

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Unclassy Action

By Andrew Jacobson

The class action lawsuit that engineers brought against seven of the biggest Silicon Valley companies has been tentatively settled for about $324 million. If it were to be divided equally among the 64,000 class members after attorneys’ fees are paid, each engineer would get about $3,500 – about one paycheck per engineer, hardly the mother lode some were expecting. A few days before the settlement was announced, I was asked to contribute my two cents in an interview with Inc.com. Lieff, Cabraser, the law firm representing the class of plaintiffs, announced the settlement, saying that the settlement “is an excellent resolution of the case that will benefit class members. We look forward to presenting it to the Court and making the terms available."

I’m sorry for asking, but are they nuts?

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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