Friday, April 25, 2014

Settlement in tech company wage-fixing lawsuit

Top Google Inc. executives won't have to explain to a jury why emails were sent to an irate Steve Jobs at Apple Inc. promising not to recruit his employees. 
Four big Silicon Valley technology companies agreed Thursday to settle a lawsuit in which 64,000 employees accused them of conspiring between 2005 and 2009 not to recruit each other's workers, thereby depressing wages. Terms of the settlement involving Apple, Google, Intel Corp., and Adobe Systems Inc. weren't immediately released, but a source close to the case said the settlement price was around $325 million....
That's a darn shame, I was looking forward to the coverage of this case. Well, best wishes to the affected class -- here's hoping they get something more than a free iPod. 

1 comment:

  1. As Adam Smith wrote, "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public... ."