There was too much evidence which could have come out. That included candid emails between Apple's Steve Jobs and then Google head Eric Schmidt about not hiring each other's employees. Also, for the trial, there was a request of $3 billion in damages. According to federal law for antitrust violations, that $3 billion could have been tripled.
As Bloomberg reports, the 4 remaining defedants agreed to settle. That will go to a judge for an approval on May 27th. The 4 are Apple, Goole, Intel and Adobe. The other 3 had already settled with the 64,000 plantiffs. They were Intuit, Pixar and Lucasfilm. Here is the coverage.
All these settlements are good for the stock prices. The halo has been pulled off the tech sector. Testimony indicating it is no meritocracy would have further eroded the branding of all the companes. Saint Steve (Jobs) might have lost his place in the history books as a force of progress. After all, his participation in the no-poaching agreement was holding back the careers of many tech employees. He could have wound up in the hall of labor shame. Actually, he still might.
Also, hovering over the sector is the chilling take by David Einhorn that there is a second tech bubble and it is about to burst. Einhorn was on the money about the coming collapse of Lehman Brothers. Here is more background.