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

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.

Big tech collusion deal reached: Lipton
Big tech collusion deal reached: Lipton

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