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

  • 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.
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Comments (2)
  • aftermath23
    , contributor
    Comments (22) | Send Message
     
    I think you mean intuit not intel
    24 Apr 2014, 11:35 PM Reply Like
  • bjamesh
    , contributor
    Comments (130) | Send Message
     
    Intuit had previously come to a settlement.
    25 Apr 2014, 06:48 AM Reply Like
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