Tech Giants Offer Settlement In Antitrust 'Poaching' Lawsuit
Google, Apple, Intel and Adobe have offered a new settlement for an antitrust lawsuit they're involved in. The previous offer was rejected.By Jake Godin | January 14, 2015
Four of Silicon Valley’s biggest tech firms have reached a new settlement on a sprawling antitrust lawsuit. The lawsuit, brought by tech workers, alleged the companies conspired to avoid poaching one anothers’ employees.
According to a Tuesday court filing, Google, Apple, Intel and Adobe have all agreed to pay an undisclosed amount in damages to settle the 2011 lawsuit.
This, after U.S. District Judge Lucy H. Koh rejected the initial settlement offer of $324.5 million. At the time, Koh said the settlement “would need to total at least $380 million.”