Apple, Google, Intel, Adobe settle no-hire antitrust suit

|About: Apple Inc. (AAPL)|By:, SA News Editor

Apple (AAPL +8.4%), Google (GOOG -0.4%), Intel (INTC - unchanged), and Adobe (ADBE -1.9%) have settled an antitrust suit accusing them of creating illegal no-hire agreements.

Terms are undisclosed for now. 64K employees had been collectively seeking $3B in damages, and antitrust rules could in theory triple that figure in the absence of a settlement.

The settlement comes after PandoDaily unearthed a slew of e-mails from Steve Jobs, Eric Schmidt, and others pointing to the existence of no-hire deals.

Separately, Google has denied media reports stating Glass is now publicly available. The company says it failed to edit an order page created for Glass' April 15 sale (thus giving the impression it's still available), and will be pulling the page shortly.