The Latest in IT Security

Exclusive: Apple, Google to pay $324 million to settle conspiracy lawsuit

25
Apr
2014

By Dan Levine SAN FRANCISCO (Reuters) – Four major tech companies including Apple and Google have agreed to pay a total of $324 million to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, sources familiar with the deal said, just weeks before a high profile trial had been scheduled to begin. Tech workers filed a class action lawsuit against Apple Inc, Google Inc, Intel Inc and Adobe Systems Inc in 2011, alleging they conspired to refrain from soliciting one anothers employees in order to avert a salary war. The case has been closely watched due to the potentially high damages award and the opportunity to peek into the world of Silicon Valleys elite. The case was based largely on emails in which Apples late co-founder Steve Jobs, former Google CEO Eric Schmidt and some of their Silicon Valley rivals hatched plans to avoid poaching each others prized engineers.

Comments are closed.

Categories

MONDAY, OCTOBER 21, 2019
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments

Social Networks