Apple, Adobe, Google and Intel close to settling lawsuit over poaching employees

Apple, Adobe, Google and Intel close to settling lawsuit over poaching employees

Apple, Adobe, Google and Intel have agreed to a new settlement deal to resolve an antitrust class action lawsuit filed against them, reports reports Recode.

The lawsuit, first filed in 2011, accused the firms of limiting job mobility. The new settlement will likely total at least $380 million, according to US District Judge Lucy Koh, who is presiding over the case.

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Evidence of collusion between the four companies was presented in the form of emails between Apple co-founder Steve Jobs, former Google CEO Eric Schmidt and other executives, which outlined plans to stop poaching each other’s employees.

The companies involved have not yet commented on the agreement, but a court filing that will be published ‘imminently’ will shed light on the details of the settlement.

➀ Apple, Google Reach New Deal to End U.S. Lawsuit Over Poaching [Recode]

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