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Tech Giants Settle Court Case

Tech Giants Settle Court Case

Four of the biggest technology firms have settled a class action case, alleging they conspired to hold down salaries.

The case alleged a 'no poaching' pact between the firms, preventing workers from getting job offers.

The US lawsuit had claimed £3bn in damages on behalf of more than 64,000 workers at the four firms.

According to some reports, one email exchange cited in the lawsuit shows Eric Schmidt, former chief executive of Google, telling Steve Jobs, the former boss of Apple that a Google recruiter who solicited an Apple employee would be fired.

The Reuters news agency quoted the court file as saying: "Schmidt responded that he preferred it be shared 'verbally, since I don't want to create a paper trail over which we can be sued later?'"

Adobe said in a statement: "We firmly believe that our recruiting policies have in no way diminished competition for talent in the marketplaces.''

Chuck Molloy, spokesman for Intel said the firm denies any wrongdoing but chose to settle to "avoid the risks, burdens and uncertainties of ongoing litigation.''

Google and Apple declined to comment.


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