Apple, Google Said To Reach a New Settlement In The Antitrust Lawsuit
Not too long ago, four of the biggest companies in Silicon Valley, including Google, Apple, Intel and Adobe were accused of having an agreement of not to poach each others employees.
All of these companies have now come to terms with their employees and are offering a joint payment of $415 million to settle the case, as reported by The New York Times.
Last year, these companies offered $324.5 million to tech employees but the offer was rejected by Judge Lucy H. Koh, of the U.S. District Court of Northern District of California.
The judge believed that the offer was too low and later in September, all four companies appealed this decision. Daniel C. Girard, who is a lawyer for the plaintiffs, stated: “I can only confirm there is a new settlement but cannot provide other details at this time.”
The whole case was fueled by a number of emails between company executive and one which was sent by Apple-then CEO Steve Jobs himself to Eric Schmidt from Google, asking him to stop poaching employees.
Upon receiving this email, Schmidt forwarded this to sources within his company and asked:
“I believe we have a policy of no recruiting from Apple and this is a direct inbound request. Can you get this stopped and let me know why this is happening? I will need to send a response back to Apple quickly so please let me know as soon as you can.”
What’s more concerning is that Intel had a written document which described Intel’s policy of not hiring Pixlar workers, without the approval of the CEO. A document existed, even when Intel’s CEO Paul Otellini downplayed this situation and said they have nothing signed and this is just a gentleman’s hand shake.
How big is the new settlement is yet to be revealed but papers will be filed in the court of law on Thursday. We’ll keep you updated on further developments on this settlement.