On Thursday afternoon Apple, Google, Adobe, and Intel filed a settlement in a class-action lawsuit [PDF] involving former employees of the companies, agreeing to pay them $415 million. The 64,000 employees and former employees who made up the class alleged that their employers had agreed not to cold call or poach each others’ employees, creating artificially low wages for the employees for years.
The Justice Department busted Apple, Google, Adobe, and Intel for their anti-competitive practices back in 2010, but the employees who lost out got together in an attempt to recover an estimated $3 billion in lost wages.
Lucasfilm, Intuit, and Pixar were also named as defendants in the original suit, but those companies settled with their employees for $20 million early on in the litigation.
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