Apple, others paying $324.5 million for anti-poaching settlement

Updated
Advertisements

Apple, Google, Adobe, and Intel are paying $324.5 million for their settlement of an antitrust lawsuit filed for anti-poaching agreements, the Los Angeles Times reports. The four companies agreed to settle last month. Former employees, who alleged the companies agreed not to hire each other’s employees, were seeking $3 billion in lost wages — that number could have jumped to $9 billion due to the suit’s antitrust status. Each member of the suit is now estimated to get “a few thousand dollars.” The settlement still requires approval by U.S. District Judge Lucy Koh before being finalized.

Advertisements

Phil Dzikiy

Phil Dzikiy was the Editor-in-Cheif at iLounge. He mostly edited and oversaw all site editorial content, managed staff and freelancers, made the final call on product review grades and awards, and led online coverage of all Apple events and live coverage of the International CES in 2015.