Michael Nagle | Bloomberg | Getty Images/Georges Gobet | AFP | Getty Images
Four Silicon Valley companies including Apple Inc and Google Inc
agreed to pay $415 million to resolve an antitrust class action lawsuit
by tech workers who accused the firms of conspiring to avoid poaching
each other's employees, according to a court filing on Thursday.
Plaintiffs accused Apple, Google, Intel Corp and Adobe Systems in the 2011 lawsuit of limiting job mobility and, as a result, keeping a lid on salaries. The settlement is $90.5 million more than a previous deal which a U.S. judge rejected last year as too low.
Plaintiffs accused Apple, Google, Intel Corp and Adobe Systems in the 2011 lawsuit of limiting job mobility and, as a result, keeping a lid on salaries. The settlement is $90.5 million more than a previous deal which a U.S. judge rejected last year as too low.
Related Securities
Symbol
|
Price
|
Change
|
%Change
|
|
|---|---|---|---|---|
| AAPL | 106.82 | -2.98 | -2.71% | |
| GOOGL | 504.01 | -1.92 | -0.38% | |
| INTC | 36.19 | -0.16 | -0.44% | |
| ADBE | 70.29 | 0.30 | 0.43% |
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