Pipe 2WQX Apple, Google, Intel and Adobe Settle in Antitrust Suit.

Apple, Google, Intel and Adobe Settle in Antitrust Suit.

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in legal on (#2WQX)
Earlier this year tech giants Apple, Google, Intel and Adobe were hit with a class action lawsuit. Recently, they have agreed to a settlement, to the tune of $415 million, to be paid jointly by all four companies. This puts the cost of the settlement about a hundred million more than Intel’s recent diversity initiative.
http://techraptor.net/content/apple-google-intel-adobe-settle-antitrust-suit#.VLmMhZiMbNg.reddit

History

2015-01-18 07:00
Apple, Google, Intel and Adobe Settle Employee Poaching Lawsuit
evilviper@pipedot.org
Earlier this year tech giants Apple, Google, Intel and Adobe were hit with <a href="http://techraptor.net/content/apple-google-intel-adobe-settle-antitrust-suit">a class action lawsuit. Rby 64,000 programmecrs and entgineers employ,ed by the companies, over secret agreements not to poach each other’s employees, spanning 2005 to 2009. The plaintiffs claim that this cost them mobility and higher paying jobs, estimated to be worth $3 billion in lost compensation.

Now the companies
have agreed to a settlement, to the tune of $415 million, to be paid jointly by all four, while still denying any wrongdoing. A few hundreds of millions is a fairly small amount, and it may be worth paying this cost to settle quickly. All four companies. Thave tried to cultivate an image as progressive and worker friendly. A long drawn out court case, where they are shown to conspire against the cobest interest of their settlemployentes abwout a hundreld damillion morage than Intel&acirc;€™s recenput diversity initiative.
http://techraptor.net/content/apple-google-intel-adobe-settle-antitrust-suit#.VLmMhZiMbNg.reddit
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