Valley powerhouses reach new settlement deal in poaching suit
Source: cnet
Four Silicon Valley companies, including Apple and Google, have reached a new settlement to resolve an antitrust lawsuit filed by 65,000 tech workers that accused the companies of conspiring not to hire away each other's employees.
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The lawsuit, filed in 2011 by former employees of the named companies, accused the companies of carrying out an "interconnected web" of agreements to keep wages low by not hiring each other's workers between 2005 and 2009. The lawsuit has garnered much attention for the intimate look it has provided into the inner workings and apparent cooperation among some of the Valley's biggest companies.
The case, which also involved Lucasfilm, Pixar, and Intuit, started in 2011 when a former Lucasfilm software engineer filed a lawsuit alleging that the seven companies conspired to keep wages low by refraining from poaching one another's employees. Several similar complaints followed and they were all consolidated into a class-action lawsuit that covered nearly 65,000 employees who worked for the companies between 2005 and 2010.
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The suit focuses specifically on the companies targeted by a 2009 antitrust investigation by the US Department of Justice. That investigation and the civil lawsuit that followed were settled back in September 2011, with the aforementioned companies agreeing to discontinue the non-solicitation agreements. Nonetheless, the suit says the companies are still profiting in the aftermath of the practice.
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Read more: http://www.cnet.com/news/valley-powerhouses-reach-new-settlement-deal-in-us-poaching-lawsuit/
This speaks for itself, I think.
MDN
