Google,
Apple, Intel and Adobe Systems announced Thursday, April 24, 2014, they
have settled a class-action lawsuit alleging they conspired to prevent
their engineers and other highly sought technology workers from getting
better job offers from one another. (Alan Diaz/AP)
SAN FRANCISCO —
Just weeks before a high-profile trial was to begin, four major tech
companies — including Apple and Google — have agreed to settle a lawsuit
accusing them of conspiring to hold down salaries in Silicon Valley.
The
settlement was disclosed in a court filing Thursday. It did not spell
out terms, but people familiar with the deal later told Reuters that the
companies agreed to pay a total of $324 million.
In 2011,
tech workers filed a class-action lawsuit against Apple, Google, Intel
and Adobe Systems, alleging that they conspired to refrain from
soliciting one another’s...
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