Apple and Google settle antitrust lawsuit over hiring collusion charges
Dominic Rushe in New York
Thursday 24 April 2014 16.50 EDT
Apple, Adobe, Google and Intel had been scheduled to go to trial at the end of May, with lawyers for roughly 64,000 workers alleging that bosses including Google’s Sergey Brin and Eric Schmidt and Apple's Steve Jobs orchestrated an elaborate scheme to prevent poaching and drive down wages.
After the companies settled the federal antitrust complaint, the four tech giants became the target of a civil lawsuit.
Lawyers had been seeking $3bn in damages. Under antitrust rules, that could have been tripled to $9bn had the companies lost. The terms of the settlement will be presented by 27 May to US district judge Lucy Koh.
Sunday, April 27, 2014
If a market can be rigged, it will be rigged. In this case, it's the market for computer workers:
Posted by Steve J. at 2:59 PM