No-Poach Settlements Highlight Antitrust Danger in Hiring
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The U.S. Department of Justice and the attorney general of California entered into a settlement on May 1 with online marketplace eBay Inc. over an alleged pact with software company Intuit Inc. that neither company would recruit programmers from the other. The settlement was the latest battle in a long antitrust war between Silicon Valley giants and tech employees who claim these companies cheated them out of the chance to compete for better compensation through a series of secret bilateral “no-poaching” agreements.
These antitrust fights involve some of the biggest names in the technology sector—Apple Inc., Intel Inc., Google Inc. and Adobe Systems Inc. settled their versions of a similar suit on April 24 for $324 million—and implicate important issues in antitrust and employment law.
Read original articleTags: Adobe Systems Inc., eBay Inc., Google Inc., Intuit Inc., U.S. Department of Justice
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