Apple and Google Settle Lawsuit Over Illegal No-Poaching Agreement

Four tech companies — Apple, Google, Adobe and Intel — have settled a lawsuit against involving an illegal no-poaching agreement that prevented the firms from hiring each other's staffers.

A class-action lawsuit, filed by thousands of tech employees back in 2011, claimed that the companies conspired not to poach employees as a part of an effort to keep salaries lower. The agreement created "no contact" lists, preventing recruiters from contacting people at competing companies.

According to a Reuters report, the companies agreed to settle the lawsuit, though terms of the deal were not disclosed. The settlement goes before a judge on May 27. Read more...