Silicon Settlement: Four major tech companies including Apple and Google have agreed to pay a total of $324 million to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, according to Reuters. Tech workers filed a class action lawsuit in 2011, alleging the companies conspired to refrain from soliciting one another’s employees in order to avert a salary war.
Off the Hook?: It appears that the rules covering insider trading are about to change again, making it possible for smart professionals to escape liability even if they are caught. That change seems likely to be ordered by a three-judge panel of the United States Court of Appeals for the Second Circuit, which heard arguments this week on whether to reverse the convictions of two hedge fund managers, The New York Times reports.
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