Apple, Google and others today announced they are settling a class-action lawsuit filed on behalf of employees who claim they were adversely affected by the company’s ant-poaching agreements, reports Reuters.
These no-hire policies were adopted by handful of Silicon Valley companies, who sought to keep their own engineering talent in house instead of losing them to more lucrative compensation packages offered by rivals.
Rather than go through a trial that could bring up a mass of condemning emails regarding the no-hire polices between, the tech companies agreed to settle the case for an undisclosed amount. In the pre-trial proceeding, the plaintiffs in the case sought to include information on now-deceased Apple CEO Steve Jobs that reflects his bullying personality and wealth details of Google co-founder Sergey Brin that show how he would benefit from keeping employee salaries low.
Four major tech companies including Apple and Google have agreed to settle a large antitrust lawsuit over no-hire agreements in Silicon Valley, according to a court filing on Thursday.
Terms of the deal were not disclosed.
Adobe, Intel, Apple and Google were targeted in the suit, which was filed on behalf of 60,000 engineers and technical professionals. The trial had been scheduled to begin at the end of May.