Login Register Subscribe
Current Issue

Apple, Google settle U.S. poaching lawsuit for $415M

Reprints

(Reuters) — 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 Inc. 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.