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Apple, Google agree to settle antitrust lawsuit over hiring deals-filing

A class-action suit accuses Steven P. Jobs and Eric Schmidt of colluding to prevent their employees from being hired by rivals.
Tony Avelar | AFP | Getty Images
A class-action suit accuses Steven P. Jobs and Eric Schmidt of colluding to prevent their employees from being hired by rivals.

Four major tech companies including Apple and Google have agreed to settle a large antitrust lawsuit over no-hire agreements in Silicon Valley, according to a court filing on Thursday. Terms of the deal were not disclosed.

Tech workers filed a class action lawsuit against Apple, Google, Intel and Adobe Systems in 2011, alleging they conspired not to poach one another's employees in order to avert a salary war.

Read MoreIt's over! Viacom and Google settle YouTube lawsuit

Trial had been scheduled to begin at the end of May on behalf of roughly 60,000 workers in the class.

Reuters

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