Apple, Google, Intel, Adobe Settle for $324.5 Million
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Apple Inc., Google Inc., Intel Corp. and Adobe Systems Inc. agreed to pay $324.5 million to settle an employee antitrust lawsuit over claims they conspired to suppress salaries by not recruiting one another’s workers.
Lawyers for employees who sued the companies are seeking a judge’s preliminary approval of the deal, according to a filing in federal court in San Jose, California. The accord, covering more than 64,000 technical employees, was reached April 24. Terms were disclosed in yesterday’s filing.