CLICK HERE TO LISTEN LIVE - POWERED BY KEIR 101.1 EAST IDAHO'S NEWS TALK

Tech Giants Settle Class-Action Lawsuit

Business News

0  Updated at 5:45 am, April 25th, 2014 By:
Share This Story

iStockphoto/Thinkstock(NEW YORK) — A quartet of tech giants agreed to settle a class-action lawsuit against them for allegedly suppressing salaries of thousands of workers.

Adobe, Apple, Google and Intel all joined to settle the suit, which claimed that the companies had conspired not to poach each other’s staffers, USA Today says. Over 60,000 employees were impacted by the alleged conspiracy and sought $3 billion.

It is not clear what the terms of the agreement the four companies came to with opposing lawyers entails.

Had employees proven that the company had violated antitrust regulation, they could have sought up to $9 billion.

The case initially involved Lucasfilm, Pixar and Intuit, but those three companies agreed to settlements last year to conclude their involvement in the case.

Copyright 2014 ABC News Radio